1. Livspace acquires YoFloor

Livspace acquires YoFloor

Livspace, a marketplace for homeowners and designers, has acquired YoFloor, a mobile platform that offers a virtual trial room for home design decisions for an undisclosed sum.

By: | Bangalore | Published: September 11, 2015 12:25 AM
With YoFloor, Livspace can provide high quality productivity and 3D visualization tools to in-house designers and those that will come from the community.

With YoFloor, Livspace can provide high quality productivity and 3D visualization tools to in-house designers and those that will come from the community.

Livspace, a marketplace for homeowners and designers, has acquired YoFloor, a mobile platform that offers a virtual trial room for home design decisions for an undisclosed sum. Founded by Ankur Mishra and Archit Rathi and incubated at Mango Technologies, the YoFloor app helps homeowners envision how different home designs, furniture pieces, and furnishings would look like, in one’s home.

This acquisition helps round up the previous acquisitions of design community marketplaces DezignUp and Dwll.in. With YoFloor, Livspace can provide high quality productivity and 3D visualization tools to in-house designers and those that will come from the community. As part of the acquisition, the founders and the core team of YoFloor will join the Livspace family, the company said in a statement.

Founded by Anuj Srivastava, Shagufta Anurag and Ramakant Sharma, Livspace is home to India’s biggest community of home design enthusiasts (over 575,000), with engagement of more than 200% more than Houzz.com and comparables in India. Livspace is funded by Helion, Bessemer Venture Partners and Jungle Ventures.

“We will leverage the YoFloor acquisition and focus on building creative tools for our designer community and bring even more scale and choice to homeowners,” Anuj Srivastava, CEO and Co-founder of Livspace said.

The tool will be available for both Livspace in-house designers and their designer community, to bring the benefit of Livspace designs to cities all across India as the company expands to newer markets.

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