Livspace.com acquires online interior designers network Dwll.in
- Livemint" target="_blank">Livemint
- May 20, 2015
Bengaluru: Online home design marketplace Livspace.com on Tuesday announced that it has acquired Dwll, a curated online network of interior designers. The terms of the deal haven’t been disclosed yet.
This is Livspace’s second acquisition this year. In March this year, it bought DezignUp, an online community and marketplace for designers and consumers.
Livspace, founded by former Google Inc. and Myntra executives, raised Rs.29 crore from venture capital investors Helion Venture Partners, Bessemer Venture Partners and Jungle Ventures last December.
The company said it was expanding across metros and tier 1 cities in India, particularly in the western region.
“The Dwll.in team brings deep insights into the workings of the home design industry in India. We look forward to working with these designers to create the biggest library of designer looks in the country and offer the same to tens of thousands of homeowners across the country,” Livspace chief executive Anuj Srivastava said.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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