Ingka Group, a franchisee of furniture retailer Ikea, invested a reported $10m to $15m in interior design services platform Livspace, which will use the cash to expand its offering.
Livspace, an India-based interior design services provider, has raised between $10m and $15m from Ingka Group, a franchisee of ready-to-assemble furniture retailer Ikea, the Economic Times has reported.
Founded in 2014, Livspace operates a one-stop shop for interior design and home renovation, including an end-to-end service that connects homeowners to interior designers, handling the delivery and installation of all furnishings and materials.
The company also produces own-label modular kitchens and wardrobes, and has developed technology to virtually map a space…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
