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Backed by EDBI and major Ikea franchisee, renovation platform Livspace turns unicorn with US$180 mil round led by KKR

Jovi Ho
Jovi Ho2/9/2022 3:58 PM GMT+08  • 4 min read
Backed by EDBI and major Ikea franchisee, renovation platform Livspace turns unicorn with US$180 mil round led by KKR
Seven-year-old Livspace — now a unicorn — recently acquired a majority stake in Singapore-based home remodeling platform Qanvast.
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Renovation platform Livspace has raised US$180 million ($241.87 million) in a Series F round led by NYSE-listed investment firm KKR.

The round also included investors Ingka Group Investments (part of the Netherlands’ Ingka Group, the largest Ikea franchisee), Jungle Ventures, Venturi Partners, and Peugeot Investments, among others.

Livspace currently serves Singapore and Malaysia, as well as 30 metro and non-metro areas in India. Livspace’s platform connects homeowners, vendors and designers.

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