Livspace forays into commercial interior design

Livspace, Asia’s largest omni-channel interiors and home renovation platform today announced its foray into the commercial interior design space with the launch of its new offering-Livspace For Business. With this launch, the company is well positioned to consolidate its leadership in the tech-powered interior design industry. With home being it’s core business offering, Livspace aims to expand into the commercial interiors space and create a highly efficient digital supply chain for the B2B sector.

Commenting on the launch, Saurabh Jain, Co-Founder and CEO - India, Livspace said, “As the largest player in the industry today, we have been looking at new offerings aligned with our core expertise of organising the fragmented interior design and renovation industry. According to multiple reports, the commercial market in the country has grown close to 30% increase across the top eight cities. Therefore, we are thrilled to announce the launch of Livspace for Business - an innovative interior design solution for the commercial/B2B sector. Leveraging our unique technology platform and pan-India presence, this segment will help brands experience, personalise and purchase commercial solutions from an internationally trusted brand.”

Livspace has been consolidating the highly fragmented renovations industry, bringing transparency around quality, pricing, service and delivery. With its extensive experience and proven leadership in design-and-build in the residential sector, the brand aims to bring this expertise into transforming the B2B commercial segment. The new business arm- Livspace for Business - will operate in categories across commercial spaces such as offices, retail, hospitality, warehousing among others.

“With the post-COVID return to work trend, we have been witnessing significant growth in the category. We are looking at building a business model which will reach an ARR of $100mn over the next 24-36  months,” Jain further explained.

Bringing predictability to the project process, Livspace for Business will provide a one-stop, tech[1]enabled, transparent, high quality and innovative design solution to the clients. The brand has delivered the Livspace assured experience to numerous companies such as WeWork, Decathlon, McDonald's, Domino's and many more.

Elaborating on the strategy, Sudarshan Choudhary, Head - Livspace B2B, India, said, “The short[1]term impact due to the pandemic is waning with the reopening of offices, campuses, higher retail footfalls, increased travel amongst others. Hence, commercial real estate in India is also witnessing a strong growth. As per reports, the commercial real estate market is set to witness double digit growth in the coming years. With rising demand for flexible, intuitive spaces, Livspace for Business is poised to deliver the next generation of commercial spaces. With domain experts from commercial interiors space, we plan to organise the category while staying true to our commitment of providing the best-in[1]class customer experience — across price, timeline, and quality and after-sales service in a massively fragmented segment.”

Over the last three years, Livspace has built the industry’s largest, fastest growing and sustainable business organising a highly fragmented home renovation and decor industry. The company currently has operations in over 40 cities in India and has presence in Singapore, Malaysia & Saudi Arabia. A profitable business in India, Livspace has witnessed over 100% growth in the last six months and 400% over the last two years and is a market leader with close to 70% market share within the organised sector.