Homelane boosts projects 50% as Livspace trims staff with AI
Indian home interior startups like Homelane and Livspace are turning to AI to cut costs and stay ahead of local competition.
Homelane has trimmed its tech team but used AI to help designers handle way more projects, leading to a 50% more projects a month than they used to a year ago.
Livspace also let go of 12% of its staff earlier this year as smarter tech made its operations more efficient.
Organized firms under 10% of ₹1.5L/cr
Even with all this new tech, organized players have less than 10% of the massive ₹1.5 lakh crore market, mainly because local carpenters offer cheaper options and the supply chain is pretty scattered.
While AI helps automate some tasks, founders admit it can't fix bigger challenges like pricing or customer experience just yet.
Still, these startups are betting on AI to keep making things smoother as they aim for real profits down the line.