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

Seventh unicorn start-up unveiled by a home renovation start-up in 2022

Livspace, a company, revealed on February 8, 2022 that it has raised USD 180 million in funding. This round of money, which we're discussing, was a late-stage round of funding headed by KKR and Co. Ikea, a Swedish retailer, Jungle Ventures, Venturi Partners, and Peugeot Investments were among the other investors in this round. The monies raised will be used to expand the company's operations outside of the country (overseas). The business also intends to use a portion of the cash raised to increase it..

India's Livspace turns unicorn with $180 mn funding led by KKR

India's home interior and renovation company, Livspace, told the media that the company crossed the billion-dollar valuation target after raising $180 million in the last stage of the funding round by an investment firm, Kohlberg Kravis Roberts & Co (KKR & Co).

Livspace eyes expansion in Middle East, starting with Saudi Arabia

According to a senior corporate official, omnichannel home interior platform Livspace is expanding to the Middle East, starting with Saudi Arabia, where it has created a joint venture with the Alsulaiman Group (ASG).

In the joint venture with ASG, the operational partner of Swedish furnishings retailer Ikea in the area, the business would invest $25 million (Rs 187.5 crore).

According to Sharma, who is also the company's chief operating officer, the company's growth over the next year to year and a half would come from development into new markets abroad, more non-metro and smal..

Consumer Forum Fines Vennala Interior Design Firm for Violations

In a recent development, a Vennala-based interior design firm has been fined by a consumer forum for regulatory violations. The penalties come in response to grievances raised by consumers, highlighting the importance of adherence to established norms within the industry.

The consumer forum's decision underscores the significance of maintaining ethical standards in the interior design sector. Customers' concerns regarding the firm's practices were addressed through the legal proceedings, emphasizing the need for transparency and accountability in consumer interactions within the realty..

The Glamour Rooms

Bathrooms are now being called relaxation rooms, rejuvenation sanctuaries and inspiration spaces – such is the level of thought that goes into their design. So, what’s trending?

Trending designs