LivSpace, India and Southeast Asia’s largest home interior and renovation platform, today announced its expansion plan across 80 markets, including new market entries across India and 20 pacific cities.
Consolidating its leadership in the segment, Livspace, which holds a 65% market share in the organized home sector, plans to set up 150 design experience centres over the next one and a half year. With the phase of expansion, the organization is best placed to capture the demand for modular solutions from domestic markets.
The new centres will supplement an existing network of over 25 stores in both metros and non-metros. In addition, Livspace plans to invest $50mn to expand its business and grow the team overseas.
Commenting on the business growth plans, Ramakant Sharma, Founder & COO, Livspace said, “The home industry suffers from massive fragmentation. Organizing and providing the best customer experience across price, timeline, after-sale services have been a focus on Livspace. We have delivered the Livspace assured experience to more than 30,000 clients across the markets. Our experience centres have played a key role in delivering this experience for the entire client journey. Clients are able to get inspired, experience design, better understand our delivery and installation processes. By setting up another design experience centres we intend to bring the same goodness to these markets”.