Livspace Sets Asides $30 Mn To Launch Modular Labels Under ‘Neo’

Livspace Sets Asides $30 Mn To Launch Modular Labels Under ‘Neo’

SUMMARY

Neo is a proprietary design-to-manufacturing -to-installation platform

It aims to onboard 2500 partners and expand across India, Southeast Asia

Livspace recently raised $90 Mn from Kharis Capital, Venturi Partners, and others

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

The $30 Mn investment will be used for further development of the technology and launching multiple multiple private labels in the modular solutions space across 30 markets in India and in 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.

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