Livspace Acquires YoFloor to Offer Virtual Trial Room for Home Design

Bangalore-based home design and decor service provider, Livspace has acquired YoFloor, a mobile platform that offers a virtual trial room for home design decisions for an undisclosed amount.

As per the deal, YoFloor’s Co-Founders (Ankur Mishra and Archit Rathi) and its core team will join Livspace to provide 3D visualization tools for in-house designers and architects.

Founded in March 2015 by Ankur Mishra and Archit Rathi, YoFloor app helps homeowners envision how different home designs, furniture pieces, and furnishings would look like in one’s home.

YoFloor is Livspace’s third acquisition after it acquired design community marketplaces DezignUp in March and Mumbai-based, a curated online network of interior designers in May.

With the help of YoFloor’s technology, Livspace will be releasing a WYSIWYG (What You See IS What You Get) productivity tool that will allow designers to a real time design experience to the home-owners. The tool will allow to visualise the design of the home before finalising the deal, as reported by Next Big What.

Founded by Anuj Srivastava, Shagufta Anurag and Ramakant Sharma in 2012, Livspace is an online shopping destination where anyone can design, decorate and furnish their dream home. Also, it offers the facility to hire a designer on its platform, or the users can customize the products based on their requirements. It delivers  in Chennai, Hyderabad, Delhi, Mumbai & Bangalore.

The company has raised two rounds of investment from three investors. In December 2014 it secured an amount of $4.6 million from Helion Venture Partners, Bessemer Venture Partners and Jungle Ventures. In August 2015, it raised an amount of $8 million from its existing investors.

Livspace currently has a community of over 575,000 home design enthusiasts. Other players in the online furniture space include Urban Ladder, FabFurnish, HomeLane, CustomFurnish, Pepperfry etc.