Livspace, Singapore-based home interiors, and renovation platform has announced in a statement that it has released US$90 million in an oversubscribed round.
The round of financing was led by Kharis Capital, a Switzerland based investment firm, and Venturi Partners a Southeast Asia focused investment firm.
Participating investors in this round include EDBI and Peugeot Group’s holding company FFP. Existing who came back to reinvest in the round are TPG Growth, Goldman Sachs, UC-RNT, and Bessemer Ventures.
The fresh funds is the largest raised by Livspace the company plans to invest it in the development its technology platform, fund new market expansion, creation of new market offerings, expansion of supply chain, and private labels in Asia Pacific (APAC).
Speaking about the investment, Anuj Srivastava, CEO, and Co-Founder of Livspace, said, “The Livspace model allows us to launch new offerings and expand to new markets rapidly and efficiently. We focus on the ability to digitize the large and complex home improvement industry verticals and integrate thousands of contractors, designers, home improvement professionals, and some of the largest brands and OEMs on our platform.”