Livspace announced that it had reached a billion-dollar valuation after obtaining $180 million in a late-stage funding round sponsored by KKR & Co, as it tried to expand internationally and compete against local rivals.
According to Venture Intelligence Unicorn Tracker, the home renovation platform is India’s 86th “unicorn” in an era of record fundraising for Indian start-ups, with 43 companies joining the club last year alone.
Ikea and Jungle Ventures, Venturi Partners, and Peugeot Investments were among the investors in the round.
Livspace, a Singapore-based company with extensive operations in India, has received over $450 million.
“Our business is growing exponentially in both India and Singapore, and we aim to replicate this playbook, launch new solutions and accelerate our launches across new markets with operations across APAC, MENA and Australia,” Chief Executive Officer and co-founder Anuj Srivastava said in a statement.
The deal is the latest in a succession of consumer internet transactions for private equity firm KKR, including Indian eyeglasses shop Lenskart, China’s digital dairy startup Adopt A Cow and small business-focused platforms GrowSari and KiotViet in Southeast Asia.
