Is Livspace Heading To Unicorn Club With Series D Round?

Is Livspace Heading To Unicorn Club With Series D Round?

SUMMARY

The home and interior design startup is said to have raised $60 Mn in an ongoing round

In October 2019, Livspace entered the international market by expanding to Singapore

The company offers end-to-end home design experience for homeowners and home designers

Another Indian soonicorn may well be on its way to the unicorn club. As per unconfirmed reports, home decor and interior design startup Livspace has raised funds from investors as part of its Series D round.

The Bengaluru-based startup has raised $60 Mn in the Series D funding round led by Hong Kong-based venture capital firm Tahoe Investment Group and Singapore-based Mercer Investment, according to an ET report, which cited documents filed by the company with the regulatory authority in Singapore, where Livspace is a registered business.

The round also witnessed participation from EDB Investments, Kharis Capital and Venturi Partners’ managing director Nicholas Cator and others. The company is likely to close the round at close to $90-$100 million, the report added.

Inc42 could not independently verify the filings and Livspace refused to comment on the report.

Last month, the company was reportedly in talks to raise $100 Mn at a valuation of over $500 Mn from various investors, including Kharis Capital, Venturi Partners, IKEA and Ratan Tata’s UC-RNT Fund among others.

Prior to this, the company has raised $70 Mn in Series C funding led by US-based venture capital firm TPG Growth and global investment bank and active investor Goldman Sachs, along with other existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures.

Livspace was founded by Anuj Srivastava, Ramakant Sharma and Shagufta Anurag in 2014. The company offers end-to-end home design experience for homeowners and home designers.

Leveraging technology, Livspace offers an online marketplace for homeowners and also provides software tools for designers to streamline their workflow. In October 2019, Livspace entered the international market by expanding to Singapore. In India, the company had plans to expand its offline experience centres to more locations, including smaller cities.

Livspace also raised undisclosed funding from IKEA group franchisee, Ingka Group (Ingka Holding B.V and its controlled entities) and gave away a minority stake. The partnership is expected to enable the sharing of expertise between the two companies combining IKEA’s massive portfolio of products with Livspace’s technology platform.

Speaking to Inc42 earlier, Srivastava had said, “We have got 50K floor plans on our platform and 2-3 sample designs to go with it.”

The cofounder also spoke about future fundraising rounds. Srivastava said that Livspace had enough runway available to “dominate the market” and create appropriate levels of price point variations in the times to come. “Our margin structure is much better and because of our sales volumes, our working capital needs are well taken care of,” he told Inc42.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Is Livspace Heading To Unicorn Club With Series D Round?-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Is Livspace Heading To Unicorn Club With Series D Round?-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Is Livspace Heading To Unicorn Club With Series D Round?-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Is Livspace Heading To Unicorn Club With Series D Round?-Inc42 Media
Is Livspace Heading To Unicorn Club With Series D Round?-Inc42 Media
You’re in Good company