Ikea-backed Livspace turns unicorn with $180 million KKR-led funding

Joseph B. Hash

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India’s Livspace stated on Tuesday it crossed the billion-greenback valuation mark just after boosting $180 million in a late-stage funding round led by KKR & Co, as it appears to be like to double down on international growth and get on local competitors.

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The residence renovation platform is the 86th “unicorn” from India, according to Venture Intelligence Unicorn Tracker, in a interval of history funding in Indian start off-ups that noticed 43 firms join the club previous year on your own.&#13
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Swedish retailer Ikea, between other early backers Jungle Ventures, Venturi Associates and Peugeot Investments, also invested in the round.

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Livspace, a Singapore-registered company with significant operations in India, has raised about $450 million to day.

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“Our company is rising exponentially in both India and Singapore, and we goal to replicate this playbook, launch new remedies and accelerate our launches across new marketplaces with functions throughout APAC, MENA and Australia,” Chief Government Officer and
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co-founder Anuj Srivastava reported in a statement.

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For personal-fairness organization KKR, the deal is the newest in a collection of transactions in the consumer online place together with Indian eyewear retailer Lenskart, China’s digitized dairy startup Undertake A Cow, and modest enterprises-centered platforms GrowSari and KiotViet in South East Asia.

(Only the headline and photo of this report may well have been reworked by the Business Normal employees the rest of the articles is car-created from a syndicated feed.)

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