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

09 Feb 2022 CW Team

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).

The company aims to expand to double its international reach and take on local competitors.

According to Venture Intelligence Unicorn Tracker, this home renovation platform is the 86th unicorn from India. As an Indian start-up, the company witnessed 43 firms join the company last year.

IKEA and others, including Jungle Ventures, Venturi Partners and Peugeot Investments, also invested in the funding round.

Livspace is a Singapore-registered firm with significant operations in India.The company has raised nearly $450 million till now.

CEO and Co-founder of Livspace, Anuj Srivastava, said that the company is growing exponentially in India and Singapore. It aims to replicate this playbook, launch new solutions and accelerate its launches across new potential markets with operations across Asia-Pacific (APAC), Middle East and North Africa (MENA) and Australia.

For KKR & Co, this deal is the latest in a series of transactions within consumer interest, including India's Lenskart, China's digital dairy Adopt A Cow, small enterprise platforms like GrowSari and KiotViet in the South-East Asian region.

Also read: Saint-Gobain bags minority stake in home interior firm Livspace

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