Livspace, one of Asia’s largest omnichannel home interior and remodelling platforms, and KKR, a global investment firm, today announced a US$180 million Series F financing round led by KKR.
Existing investors such as Ingka Group Investments (part of the world’s largest IKEA retailer), Jungle Ventures, Venturi Partners, and Peugeot Investments participated in the Series F round.
Livspace will expand into new markets, double down on brand building in India and Singapore, continue to invest in its pioneering platform technology and digitally integrated supply chain, and hire, develop, and nurture talent across the board to support both new and existing businesses to support its ambitious expansion plans.
The funds will also be used to make strategic investments in creative businesses in order to help them scale and grow more quickly. Qanvast, a Singapore-based home remodelling and design platform that connects clients with reputable house specialists, has acquired majority ownership in the company.
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