Monday, 2024 June 17

Home renovation platform Livspace raises USD 90 million to expand in Southeast Asia, Australia

Singapore-based home renovation platform Livspace announced on Thursday that it raised USD 90 million in a Series D round, bringing its total funding to more than USD 200 million.

The round was led by Switzerland-based Kharis Capital and Singaporean VC Venturi Partners, with new investors EDBI and FFP, Peugeot Group’s holding company, coming on board. Existing backers, including Goldman Sachs, TPG Growth, and Ingka Investments, also participated.

Livspace plans to strengthen its platform and supply chain in the region. It is also looking to expand into Malaysia, Indonesia, Australia, and the Middle East. “Our vision is to build the world’s most innovative home interiors renovation platform,” said CEO and co-founder Anuj Srivastava.

Established in 2014, Livspace began operations in 2015 in Bengaluru, India. Its platform brings together interior design studios, vendors and brands, as well as homeowners. The company says that since its last funding round, it has quadrupled its revenue and doubled the margin. It is projected to grow into a USD 500 million business in the next 24-30 months.


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