Livspace, home interiors, and refurbishment startup have raised $180 million in a Series F round led by KKR, a global investment firm, making it the sixth unicorn of 2022. Existing investors such as Ingka Group Investments (IKEA’s holding company), Jungle Ventures, Venturi Partners, and Peugeot Investments all participated in the Series F round.
The company’s valuation has more than doubled during the current fundraising to over $1 billion, according to Anuj Srivastava, co-founder, and CEO of Livspace and the startup’s total fundraise now stands at $450 million from major worldwide investors.
The company is focusing on an omnichannel approach with a significant online and offline presence, particularly in India’s underdeveloped Tier 2 towns and beyond
“We are delighted to invest in Livspace, a one-of-a-kind, tech-enabled company with tremendous development potential. Our investment in Livspace demonstrates KKR’s long-term commitment to Indian consumers, as evidenced by our India growth technology strategy. Anuj and Ramakant have been pioneers in the home renovation sector,” says Gaurav Trehan, KKR India’s Partner, and CEO.