Livspace Raises $90 Million for Expansion
Livspace, home renovation platform has raised $90 million to fund its expansion into more markets, invest in technology and bolster its supply chain. Switzerland-based Kharis Capital, Venturi Partners, Singapore's EDBI and Peugeot family holding company FFP were among the investors in the round,. The series D funding also included backing from existing investors Ingka Investments, the investment arm of IKEA's owner, TPG Growth, Goldman Sachs and Bessemer Ventures. Livspace, which has raised more than $200 million since being founded in 2014, did not provide a valuation. The company expects to turn profitable in India, currently its biggest market, in 2021, followed by Singapore. It is considering Malaysia, Indonesia, Australia as well as the Middle East as its next markets.
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