Livspace intends to invest $100 million in strategic acquisitions

10 Oct 2022 , 07:26 AM

The omnichannel home interiors and renovation platform Livspace, which recently joined India’s unicorn league of startups or privately-held companies valued at over $1 billion, has set aside a corpus of $100 million for primarily acquisitions as it seeks to expand further in existing geographies, add new categories to its core offerings, and boost overall margins.

A sizeable portion of this corpus is being fueled by the company’s most recent $180 million fund-raise, which was disclosed in February of this year and was led by prominent private equity firm KKR.  The company was valued at $1.2 billion with the funding.

Anuj Srivatsava, co-founder and CEO of the company, said that in order to increase revenue, the company will aim to engage in companies operating in various home improvement sectors, such as partial rehabilitation and business-to-business (B2B) modular material supply. Additionally, it will attempt to invest in companies that sell directly to consumers in the furniture and home improvement industries.

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