Indian Economy News

Livspace becomes 7th unicorn in 2022, raises US$ 180 million

  • IBEF
  • February 10, 2022

Livspace, an interior design and home renovation services provider, has secured US$ 180 million in a funding round led by KKR, valuing the company at over US$ 1 billion, making it the year's seventh unicorn. Ingka Group Investments (which owns Ikea), Jungle Ventures, and Peugeot Investments were among those that contributed to the venture.

Anuj Srivastava and Ramakant Sharma launched the company in 2015. Livspace is doing pretty well in both India and Singapore and hope to continue this success with businesses across APAC, MENA (Middle East and North Africa), and Australia. Qanvast, a Singapore-based home remodelling and design platform that connects clients with trustworthy house specialists, recently acquired a majority share in Livspace.

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