Ex-Livspace Founders Eye $15M Raise for New Venture
Two prominent former executives from Indian home interior platform Livspace are making waves in the startup ecosystem with a brand-new venture. Saurabh Jain, former CEO of Livspace, and Lalit Mittal, former Chief Business Officer at the same company, have reportedly joined forces to co-found a new startup — and are already in advanced discussions to raise a significant round of funding.
Pedigree That Commands Attention
The startup world is paying close attention to this new venture, and for good reason. Both Jain and Mittal carry deep operational expertise from their tenures at Livspace, one of India's most recognized startups in the home interiors and renovation space. Jain, who helmed the company as CEO, and Mittal, who led business operations as CBO, were instrumental in shaping Livspace's growth trajectory before departing to chart their own entrepreneurial path together.
While specific details about the nature of the new startup — including its industry vertical, business model, and city of operation — remain undisclosed at this stage, the $15 million funding discussions signal that investors are already showing considerable confidence in the founding team's vision and execution capabilities.
Investor Confidence in Founder-Led Bets
The fundraising talks underscore a broader trend in India's startup ecosystem, where seasoned founders and senior executives with proven track records are increasingly attracting early and large-ticket capital even before formally launching their ventures. The sheer credibility that Jain and Mittal bring from scaling Livspace makes this new startup one to watch closely in the months ahead.
Details around the funding stage, lead investors, and the exact domain of the startup are expected to emerge as the venture moves closer to a formal announcement. The Indian startup community, investors, and industry observers will be keenly watching for what this power duo has been quietly building behind the scenes.
VCDekho will continue to track developments around this emerging venture as more information becomes available. Stay tuned for updates.
