Livspace

The home renovation platform is the 86th "unicorn" from India, according to Venture Intelligence Unicorn Tracker

Bengaluru-based Livspace on Thursday said it will invest USD 30 million (about Rs 220.7 crore) to scale Neo, its proprietary design-to-manufacturing-to-installation platform.

Bengaluru-based Livspace said it has raised $90 million (about Rs 660 crore) in a funding round led by Swiss investment firm Kharis Capital and Venturi Partners.

Livspace, a home interiors and renovation platform, was founded in July 2014 by Anuj Srivastava and Ramakant Sharma and the start-up began its operations in 2015

According to the firm, this is the largest series C round ever raised by a B2C e-commerce company in India

Company plans to reach operational profitability in the next 12-18 months riding on its capital efficient model

The company will also allow designers to create virtual spaces and mockups on the web