Livve Homes funding

Livve Homes is a Kerala-based startup that is offering online deposit and payment platforms for landlords as well as tenants. The company announced on Thursday that it has raised $5 million in second funding round from angel investors.

The startup had earlier acquired $1.5 million. With this round, Livve Homes has received a total of $6.5 million so far.

The rental space provider said that it is planning to use the recently acquired funding to steady its operations. The funds would also be utilized to add more quality furnished homes to Livve’s list and connect more tenants with landlords on the platform. Apart from this, it will provide a uniform set of furniture across all its properties and make sure that no owners or tenants face any hidden charges.

In the last five years, Livve Homes has been taking up unfurnished and semi-furnished homes from owners, furnishing them, and renting them to tenants without any deposit. It offers tenants a zero-deposit model with a luxury living experience by renovating houses and adding in-house furniture, decor, and appliances. The company has over 4,800 properties across Delhi-NCR, Bengaluru, Pune, Dubai, and other regions.

Mayya Lakshman, Chief Operating Officer said: “We are pumped up with the change in the housing ecosystem. With this change and boost of motivation, we are sure we will change how people perceive rental space till now. The funds would be used to renovate more and more normal homes and make them a totally functional, beautiful living space. As of now, we have completed renovating over 4,500 houses and we are looking forward to making at least 12,000 houses till 2021 finishes.”

The company is also looking to open furniture and interiors showrooms in Pune, Bengaluru, Delhi-NCR, Hyderabad, and Chennai to offer its home renovation and quality furniture to customers outside its current area of operation.