Former Livspace cofounder and India CEO Saurabh Jain and ex-CBO Lalit Mittal are in talks to raise $15 million for their new startup, Gravity, according to inc42.com. The venture aims to address material procurement and supply chain challenges in the interior design industry. Gravity plans to emerge from stealth mode in four to five months and position itself as a full-stack platform for home interior materials, targeting independent designers, studios, and platforms.
Gravity is building a house of brands for premium homes but does not intend to operate as a marketplace or supplier, sources told inc42.com. The startup has initiated early funding discussions with investors such as 3one4 Capital and InfoEdge, seeking a mix of equity and debt. It has also raised capital from angel investors, including Livspace founder Ramakant Sharma. Jain and Mittal both left Livspace in February, shortly after the company laid off 1,000 employees amid an AI push.
The new venture addresses a critical gap in the interior design sector by streamlining material sourcing and supply chain management, areas that have traditionally been fragmented. Gravity’s approach contrasts with existing marketplaces by offering a full-stack solution, which could reshape how designers and studios procure materials. The involvement of seasoned founders with prior success at Livspace and backing from prominent investors underscores the startup’s potential impact on the home interiors market.
Gravity is expected to exit stealth mode and publicly launch its platform within the next four to five months, as reported by inc42.com. The startup’s $15 million funding round, if completed, will provide the capital needed to scale operations and build its brand portfolio in the premium home interiors segment.