Bengaluru-based Livspace will invest USD 30 million (about Rs 220.7 crore) to scale Neo, its proprietary design-to-manufacturing-to-installation platform.

The funds will be utilised towards further development of the technology and launching multiple private labels in the modular solutions space across 30 markets in India and in Southeast Asia

Each private label will be designed to meet a different functional, aesthetic or price point need of customers such as space-saving, bespoke, express-installation, economical, stainless steel, etc.

Furthermore, the company plans to onboard over 2,500 ecosystem partners, including franchisees, OEMs, modular furniture, kitchen and wardrobe brands, contract manufacturers, modular furniture retailers, designers and installers on the platform in the next nine months.

Neo uses technology to integrate all the steps from design, order creation, manufacturing to installation on one integrated platform.

As the company expands to newer markets across India and Southeast Asia, the demand for modular solutions will only go up.

Livspace currently serves nine metro areas in India including Bengaluru, Chennai, Hyderabad, Delhi, Gurugram, Noida, Mumbai, Thane and Pune.