Home interior and renovation platform Livspace, in a statement said that it crossed the billion-dollar valuation mark as it raised $180 million in a Series F funding round which was led by global investment firm KKR.
The Ikea-backed home renovation business is now the 86th unicorn from India. To help its aggressive development plans, Livspace will send off in new business sectors, twofold down on brand working in India and Singapore, and keep putting resources into its spearheading stage innovation and carefully incorporated store network. It additionally expects to employ, create and sustain ability in all cases to help both new and existing organizations.
“Our business is filling dramatically in the two India and Singapore and we expect to imitate this playbook, send off new arrangements and speed up our send-offs across new business sectors with tasks across APAC, MENA, and Australia,” Anuj Srivastava, Chief Executive Officer (CEO), Livspace, said in a proclamation.
Gaurav Trehan, Partner, and CEO of KKR India, said, “We are satisfied to put resources into Livspace, a special, tech-empowered business with breathtaking development potential. Our interest in Livspace stretches out KKR’s drawn out obligation to Indian purchasers made through our development innovation procedure in India.” Established by Srivastava and Ramakant Sharma in 2015, Livspace has become inseparable from start to finish with consistent home insides and remodel administrations. Through its spearheading innovation stage, one of the biggest carefully incorporated stock chains in the home improvement industry and a one of a kind three-sided commercial center based methodology, the Company has made a solid worth chain helping property holders, sellers and creators.
