Interior Design Startup Livspace Raises $90m Led By Kharis Capital, Venturi Partners
Published on 3rd Sept, 2020 | 1 min read
This marks the Series D round for the company that was led by Kharis Capital, a Switzerland based investment firm focussed on managing selective direct private equity investments, and Venturi Partners, an investment platform targeting growth investments in the consumer space in India and Southeast Asia. The latest capital infusion will be utilised for further development of the technology platform, fund new market expansion, creation of new market offerings, expansion of supply chain and private labels in APAC. Established in 2014 by Anuj Srivastava and Ramakant Sharma, Livspace claims to be the market leader in the home renovation space in all its launched markets. The company is currently evaluating its foray in countries such as Australia, Malaysia and Indonesia in the APAC region and the Middle East as its next markets, where the interior and renovation industry is equally fragmented and presents a ripe opportunity for Livspace’s platform-based market entry. In India, where Livspace is already present in nine metro areas, the company is evaluating dozens of new cities including Kolkata, Lucknow, and Ahmedabad. Since its last funding round by Ingka Capital, TPG Growth and Goldman Sachs last year, Livspace claims to have quadrupled its revenue, doubled its margin.
