Home décor and interior design company Livspace has experienced significant leadership changes, with the departure of Chief Business Officer Lalit Mittal following the exit of co-founder Saurabh Jain. Mittal, who joined Livspace in 2019, has embarked on an entrepreneurial journey after serving in various roles within the company.
The recent developments at Livspace coincide with the implementation of advanced AI technology to streamline operations. The company has transitioned tasks previously handled manually to AI agents, showcasing a strategic shift towards automation.
Founded in 2014, Livspace operates in the home interiors and renovation sector, expanding its footprint in Indian cities and international markets. With funding exceeding $450 million from investors like KKR and Jungle Ventures, Livspace achieved unicorn status in 2022.
Despite recent layoffs affecting over 1,000 employees, Livspace reported revenue of Rs 1,460 crore for the fiscal year ending in March 2025, marking a 42% reduction in losses. The company’s operations span across India, Southeast Asia, and the Middle East, reflecting its robust presence in diverse markets.
Source: Entrackr : Latest Posts