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 its presence in key areas, such as India, as well as to extend and broaden its product offerings. Ramakant Sharma and Anuj Srivastava launched the company in the year 2014. Its headquarters are in Bengaluru, Karnataka, India. The startup's main offices are in Singapore. The company is a home interior and remodelling firm that specialises in interior design and renovation services. This home renovation firm launched in Singapore in October 2019 and later partnered with IKEA in Singapore to provide renovation services. In the year 2014, the company began operations in India. Customers can choose between two services offered by the startup: Livdspace Select for modular products and Livspace Vesta for full house furnishings. The home restoration startup's total funds raised have climbed to USD 450 million. After this round of fundraising, the startup's worth reached USD 1.2 billion, surpassing the $1 billion milestone and joining the illustrious Unicorn Club. The company is the seventh unicorn startup in India in 2022, and the 86th unicorn startup overall. The company has remodelled over 35000 homes and employs over 1500 experienced designers. Venturi, TPG, Goldman Sachs, Kharis Capital, FFP, Helion, Jungle Ventures, UC-RNT Fund, Edbi, and Pidilite are among the startup's investors. The firm expects a tenfold growth in revenue over the next 24-36 months. The home-improvement startup has something unique to offer. We wish the startup luck and wish it a great, beautiful, and bright future ahead of it!Also Read https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/flipspaces-drives-its-technology-suite-to-reshape-interior-designing/32280 https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/homelane-aims-to-raise-rs-1-500-crore-ipo-by-mid-2022/32174