According to a press release, Livspace, an omnichannel home interiors and remodelling platform, aims to invest $50 million in its retail business development across India and Asia Pacific (APAC).
The firm has a 65 percent market share in the organised home interiors sector and intends to open 150 Design Experience Centres (ECs) in the next 18 months.
Livspace founder and COO Ramakant Sharma said,” The home industry suffers from massive fragmentation. By setting up another 150 Design Experience Centres in over 60 cities in India and over 20 cities in the Asia Pacific we intend to bring the same goodness to these new markets.”
