Seventh unicorn start-up unveiled by a home renovation start-up in 2022
Interiors

Seventh unicorn start-up unveiled by a home renovation start-up in 2022

Livspace, a company, revealed on February 8, 2022 that it has raised USD 180 million in funding. This round of money, which we're discussing, was a late-stage round of funding headed by KKR and Co. Ikea, a Swedish retailer, Jungle Ventures, Venturi Partners, and Peugeot Investments were among the other investors in this round. The monies raised will be used to expand the company's operations outside of the country (overseas). The business also intends to use a portion of the cash raised to increase its presence in key areas, such as India, as well as to extend and broaden its product offerings. Ramakant Sharma and Anuj Srivastava launched the company in the year 2014. Its headquarters are in Bengaluru, Karnataka, India. The startup's main offices are in Singapore. The company is a home interior and remodelling firm that specialises in interior design and renovation services. This home renovation firm launched in Singapore in October 2019 and later partnered with IKEA in Singapore to provide renovation services. In the year 2014, the company began operations in India. Customers can choose between two services offered by the startup: Livdspace Select for modular products and Livspace Vesta for full house furnishings. The home restoration startup's total funds raised have climbed to USD 450 million. After this round of fundraising, the startup's worth reached USD 1.2 billion, surpassing the $1 billion milestone and joining the illustrious "Unicorn Club." The company is the seventh unicorn startup in India in 2022, and the 86th unicorn startup overall. The company has remodelled over 35000 homes and employs over 1500 experienced designers. Venturi, TPG, Goldman Sachs, Kharis Capital, FFP, Helion, Jungle Ventures, UC-RNT Fund, Edbi, and Pidilite are among the startup's investors. The firm expects a tenfold growth in revenue over the next 24-36 months. The home-improvement startup has something unique to offer. We wish the startup luck and wish it a great, beautiful, and bright future ahead of it!

Also Read
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/flipspaces-drives-its-technology-suite-to-reshape-interior-designing/32280
https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/homelane-aims-to-raise-rs-1-500-crore-ipo-by-mid-2022/32174

Livspace, a company, revealed on February 8, 2022 that it has raised USD 180 million in funding. This round of money, which we're discussing, was a late-stage round of funding headed by KKR and Co. Ikea, a Swedish retailer, Jungle Ventures, Venturi Partners, and Peugeot Investments were among the other investors in this round. The monies raised will be used to expand the company's operations outside of the country (overseas). The business also intends to use a portion of the cash raised to increase its presence in key areas, such as India, as well as to extend and broaden its product offerings. Ramakant Sharma and Anuj Srivastava launched the company in the year 2014. Its headquarters are in Bengaluru, Karnataka, India. The startup's main offices are in Singapore. The company is a home interior and remodelling firm that specialises in interior design and renovation services. This home renovation firm launched in Singapore in October 2019 and later partnered with IKEA in Singapore to provide renovation services. In the year 2014, the company began operations in India. Customers can choose between two services offered by the startup: Livdspace Select for modular products and Livspace Vesta for full house furnishings. The home restoration startup's total funds raised have climbed to USD 450 million. After this round of fundraising, the startup's worth reached USD 1.2 billion, surpassing the $1 billion milestone and joining the illustrious Unicorn Club. The company is the seventh unicorn startup in India in 2022, and the 86th unicorn startup overall. The company has remodelled over 35000 homes and employs over 1500 experienced designers. Venturi, TPG, Goldman Sachs, Kharis Capital, FFP, Helion, Jungle Ventures, UC-RNT Fund, Edbi, and Pidilite are among the startup's investors. The firm expects a tenfold growth in revenue over the next 24-36 months. The home-improvement startup has something unique to offer. We wish the startup luck and wish it a great, beautiful, and bright future ahead of it!Also Read https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/flipspaces-drives-its-technology-suite-to-reshape-interior-designing/32280 https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/homelane-aims-to-raise-rs-1-500-crore-ipo-by-mid-2022/32174

Next Story
Infrastructure Urban

Campal Stadium Project Delayed

The football stadium and parade ground project in Campal, Panaji, which was initiated under the smart city plan, has yet to be completed, even though it is over a year past its original deadline. The project started on March 21, 2022, and according to the initial work order, it was supposed to be finished by September 20, 2023. Imagine Panaji Smart City Development Ltd (IPSCDL) has reported that 98% of the work is complete, with the final 2% expected to be finished by March 2025. "A small area where the concrete batching plant is situated needs completion," they said. The project's total est..

Next Story
Infrastructure Urban

Cleanliness Control Centre to Monitor Work, Complaints 24X7

Jaipur's cleanliness management system is set to be more efficient with the Integrated Command and Control Centre now operating 24/7. On Friday, Arun Kumar Hasija, CEO of Jaipur Smart City Limited, issued orders to implement this change. Hasija explained that the centre will supervise door-to-door refuse collection, sanitation operations, and mechanized cleaning activities. Special attention is being given to night-time cleaning across the city, with advanced machinery being used to sanitize road dividers in areas like the Walled City. The centre will now operate round-the-clock to improve c..

Next Story
Infrastructure Urban

Rs 1 Bn Plan for Waste Disposal at Bandhwari Landfill

A Rs 1 billion plan for disposing of over 10 lakh tonnes of legacy waste at the Bandhwari Solid Waste Treatment Plant has been submitted to the Department of Urban Local Bodies (ULB) for approval. The proposal is expected to be approved in an upcoming purchase committee meeting led by Haryana Chief Minister Nayab Singh Saini, officials from the Municipal Corporation of Gurugram (MCG) said. This proposal follows the December 17 deadline set by the National Green Tribunal (NGT) for MCG to submit an update on waste disposal progress at Bandhwari. Earlier this year, MCG had assured the NGT in an a..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000