Livspace invests in Neo platform

Bengaluru-based home design and decor service provider, Livspace, has decided to invest US$ 30 million in its latest modular solutions platform Neo, which is its proprietary design-to-manufacturing-to-installation platform.

The investment will be used for further development of the technology and launching multiple private labels in the modular solutions space across 30 markets in India and Southeast Asia. The company claimed that each of these labels will be designed to meet a different functional, aesthetic or price point needs of customers.

A part of the fund will also be used to on-board over 2500 ecosystem partners including franchisees, original equipment manufacturers (OEMs), modular furniture, kitchen and wardrobe brands, and more in the next nine months.

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