Livspace Leadership Changes and Business Developments

Livspace, a prominent company in home décor and interior design, has experienced yet another senior leadership change. The Chief Business Officer, Lalit Mittal, has exited the company after the recent departure of co-founder Saurabh Jain. Mittal has chosen to embark on his own entrepreneurial venture after dedicating approximately six years to Livspace. The company stated in a press release that this transition occurred over a month ago.

Mittal initially joined Livspace in November 2019 as the Senior Director of Business Initiatives. His journey within the company saw him ascend to the role of Assistant Vice President, subsequently leading Livspace Select as its Chief Executive Officer, and eventually being appointed Chief Business Officer in January 2022.

Recent Developments at Livspace

This leadership change follows Livspace’s announcement regarding the exit of co-founder Saurabh Jain and a series of layoffs impacting over 1,000 employees recently. The company has indicated that it is leveraging advanced AI technologies to automate numerous tasks that were previously executed manually.

About Livspace

Founded in 2014 by Anuj Srivastava, Ramakant Sharma, and Saurabh Jain, Livspace specializes in home interiors and renovation. The company has broadened its footprint across various Indian cities and ventured into international markets. To date, it has secured over $450 million in funding from notable investors such as KKR, Jungle Ventures, and Venturi Partners. Livspace achieved unicorn status in 2022 following a funding round led by KKR.

Financial Performance

For the fiscal year concluding in March 2025, Livspace reported a revenue of Rs 1,460 crore while successfully reducing its losses by 42% during the same period. The company operates not only in India but also in Southeast Asia and the Middle East.