Livspace makes $180 mn in a funding round by KKR, becomes unicorn

16 Feb 2022 CW Team

In an interview with Moneycontrol, Anuj Srivastava, the company's founder, and CEO said, "One of the main destinations for this funding would be in speeding our new country launches." The organization is also on the lookout for younger startups and has already assessed a couple in the direct-to-consumer and content-oriented demand aggregator spaces. It bought a majority stake in Singapore-based home design company Qanvast in December. Apart from India and Singapore, the company operates in the Gulf region and is trying to grow into further geographies in APAC, MENA, and Australia.

"Our investment in Livspace extends KKR’s long-term commitment to Indian consumers made through our growth technology strategy in India. Anuj and Ramakant have been leaders in evolving the home renovation industry, and KKR looks to draw on our deep technological and operational expertise, as well as our regional and global network, to support Livspace’s continued growth," KKR India partner and CEO Gaurav Trehan stated. KKR's investment in Livspace is part of the firm's Asia next-generation technology strategy. Livspace is KKR's newest growth technology investment in Asia, joining India's Lenskart and China's melancholy and Adopt A Cow as recent investments in the area. Adopt A Cow is a direct-to-consumer dairy company, while Lenskart and gloomy are eyeglasses companies.

Also read
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/following-her-passion-for-design-with-perception-interiors-/32461
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/flipspaces-drives-its-technology-suite-to-reshape-interior-designing/32280

The company is on the lookout for younger startups and has already assessed a couple in the direct-to-consumer and content-oriented demand aggregator arena. Livspace, a home and interior platform, has secured $180 million in a Series F round headed by private equity firm KKR, with current investors including Ingka Group Investments, Jungle Ventures, Venturi Partners, and Peugeot Investments among others. In an interview with Moneycontrol, Anuj Srivastava, the company's founder, and CEO said, One of the main destinations for this funding would be in speeding our new country launches. The organization is also on the lookout for younger startups and has already assessed a couple in the direct-to-consumer and content-oriented demand aggregator spaces. It bought a majority stake in Singapore-based home design company Qanvast in December. Apart from India and Singapore, the company operates in the Gulf region and is trying to grow into further geographies in APAC, MENA, and Australia. Our investment in Livspace extends KKR’s long-term commitment to Indian consumers made through our growth technology strategy in India. Anuj and Ramakant have been leaders in evolving the home renovation industry, and KKR looks to draw on our deep technological and operational expertise, as well as our regional and global network, to support Livspace’s continued growth, KKR India partner and CEO Gaurav Trehan stated. KKR's investment in Livspace is part of the firm's Asia next-generation technology strategy. Livspace is KKR's newest growth technology investment in Asia, joining India's Lenskart and China's melancholy and Adopt A Cow as recent investments in the area. Adopt A Cow is a direct-to-consumer dairy company, while Lenskart and gloomy are eyeglasses companies. Also read https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/following-her-passion-for-design-with-perception-interiors-/32461 https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/flipspaces-drives-its-technology-suite-to-reshape-interior-designing/32280

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