Livspace, a marketplace for home design service and curated items, has acquired YoFloor, a mobile platform offering virtual help, for an undisclosed sum.
Founded in early this year by Ankur Mishra and Archit Rathi and incubated at Mando Technologies, YoFloor app is a 3D visualization platform that help to visualize how the home designs, furniture and furnishings would look in the rooms of the home owners. With this app, Bengaluru-based Livspace can offer high quality productivity and 3D visualization tool to work on the details and help understand its customers how the decor would look in their house.
YoFloor is the third acquisition by Livspace following design marketplaces Dezignup and Dwll.in. “With our previous acquisitions we have built a thriving design community of both designers and homeowners,” said Anuj Srivastava CEO and co-founder of Livspace. He also added, “Now, 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.” Post acquisition, the founder and the core team of YoFloor will join Livspace.
Making use of the YoFloor’s technology, Livspace would soon be launching a WYSIWYG ( What You See Is What You Get) productivity tool that gives a complete real-time experience for the home owners. This tool will bridge the gap between the idea of the homeowners and designers and would reduce the disparities. Srivastava added, “YoFloor shares with us the vision to let homeowners effortlessly see through 3D visualization technologies, a prospective design for their very home, before they even make the purchase. This is central to the kind of personalization and choice we want to give to home design enthusiasts in India.”
Founded in 2012 by Srivastava, Shagufta Anurag and Ramakant Sharma, Livspace houses more than 5,75,000 large community of home design enthusiasts. Funded by Helion, Bessemer Venture Partners and Jungle Ventures, the company competes with Sequoia Capital backed HomeLane.com and bigger furniture e-tailers Pepperfry and UrbanLadder.