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

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

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

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

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?