Saurabh Jain, co-founder of Bengaluru-based Livspace, has stepped down from his position as the CEO. In a LinkedIn post, he hinted at “working on something new” without explicitly mentioning the reason behind his exit.
“After more than a decade building Livspace, I’m stepping into my next chapter with pride in what we’ve created and clarity about what lies ahead,” Jain wrote.
He continued that he started the company with a simple belief: “Home interiors in India could be built differently.” Recalling his journey for over a decade, he shared, “What followed was a journey of conviction, resilience, hard calls, and extraordinary people. From early uncertainty to building a category-defining company, this experience has shaped me in ways I’ll carry forever.”
In his post, he expressed his gratitude to everyone involved with the organisation.
“I’m deeply grateful to the teams, partners, board members, and homeowners who trusted us and built this alongside me. What stands today is a reflection of collective grit and shared ambition. I will always cheer for Livspace and remain deeply optimistic about its future. As we say, I will always remain a proud Spacer, forever! Ramakant Sharma and Anuj S.”
Why did he quit?
Saurabh Jain stated, “As I take a brief pause to reflect, I’m also working on something new — a space I’ve been thinking about deeply. I’ll share more soon. Sometimes you have to close a meaningful chapter — not because the story ends, but because a bigger one is ready to begin.”
How did social media react?
Founder Vaishali Sampath shared, “Building structure in an unorganised industry takes real conviction. What you’ve built has shaped the ecosystem meaningfully. Wishing you continued impact and success in whatever you build next.”
Pepperfry.com CEO Ashish Shah posted, “Best Wishes Saurabh Jain for what lies ahead. Great work building a category defining business at Livspace. I am sure you are onto building another big one! Meet soon.”
A third expressed, “Best time to build anew!” A fourth wrote, “Congratulations on an incredible journey, it’s truly inspiring. Best wishes as you step into this next chapter.”
What did Livspace post about Saurabh Jain?
“After 11 remarkable years, Saurabh Jain, Co-founder of Livspace, has decided to move on to embark on his next entrepreneurial chapter. Saurabh has been a cornerstone of this organization since its earliest days. Joining us when we were just a vision, he was instrumental in architecting the scale and success Livspace enjoys today. His journey with us has been defined by relentless dedication and a builder’s mindset – qualities that helped transform a startup into a market leader,” read the organization’s statement on LinkedIn.
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“Saurabh’s legacy is woven into the very fabric of this company. As he moves on to build his next big thing, we carry his vision forward with gratitude and excitement. We can’t wait to see what he creates next. We thank him for everything and wish him the very best!” it added.
A B.Tech from the Indian Institute of Technology, Delhi, Jain joined Livspace, an e-commerce-based interior design company, in 2015. He announced his exit after almost 11 years.