On September 16, Livspace, a home design platform known as the Indian version of Qijia.com, announced that the company plans to invest US$50 million in the next 18 months to build 150 design experience centers in 80 cities in the Asia-Pacific region, to rapidly expand the scale of business and expand overseas teams.

It is understood that these new design experience centers are mainly distributed in 60 cities in India and 20 cities in the overseas Asia-Pacific region. Among them, most of the locations will avoid existing stores in first-tier cities, and will sink to second- and third-tier cities, aiming to supplement the existing store network.

At present, Livspace' s overseas markets are mainly concentrated in the Asia-Pacific region, including countries such as Singapore, Malaysia, Indonesia, and Australia. In addition, the company has overseas offices in nine major cities around the world.

Ramakant Sharma, the founder of Livspace, pointed out that the company' s business development focus has always been on providing customers with the best service experience, which covers the overall price of home design, high on-time delivery time and after-sales service. Among them, the design experience center plays a key role in providing customers with a service experience. Up to now, Livspace has provided home design services to more than 30,000 customers.

He said: "By establishing 150 new design experience centers, we can help customers better experience our services in person and purchase our personalized home design solutions tailored for customers."

In addition, in order to support its expansion plan, Livspace plans to recruit more than 1,000 new home design professionals in the target market. Given that Livspace has successfully integrated the highly fragmented home interior design market in India, the founder of the company believes that by learning from the Indian market model and based on the actual situation of the overseas market, it can better coordinate the relationship with suppliers and the relationship of homeowners and designers in the overseas market. 

The development of Livspace is growing day by day. The company has now received a total of US$200 million in financing. Looking ahead, the company hopes to achieve breakeven within the next 15 months, and to achieve annual revenue of 350 million US dollars in the next two years.