Livspace to invest Rs70 crore in designer partnership initiative
Online home design marketplace Livspace Thursday said it will invest Rs70 crore in its designer partnership initiative which allows freelance designers and architects to sell their home designs on Livspace.
The company also plans to invest the money for signing up and certifying freelance designers and studios, engagement programs, infrastructure and expanding its network across top metros cities. Within a year of launch, the initiative received 10,000 applications from designers across the country, Livspace said in a statement.
Livspace is an online marketplace which connects home designers with customers. Customers place a design requirement on the website of Livspace, which has tie-ups with third-party vendors to source supply of furniture and home design accessories. Designers make use of Livspace’s proprietary 3D design software Canvas, which lets them source business leads and develop designs in 2D, 3D and in virtual reality (VR).