Livspace, which is basically a combo of IKEA and a home decoration service, has secured $90 million in series D funding, the startup announced this morning.

Launched first in India in 2015, it expanded to Singapore in late 2019.

The new cash—which brings its total raised to near $200 million—will go toward expansion to new cities in India plus new countries across Asia. It’s evaluating “Australia, Malaysia, and Indonesia […] and the Middle East as its next markets, where the interior and renovation industry is equally fragmented and presents a ripe opportunity,” the firm said in today’s statement.

Anuj Srivastava is the co-founder and CEO of Livspace, which connects customers with decorators while also selling them furniture, fixtures, and fittings. The idea is that it’s a one-stop shop for new homeowners or for renovators:

Photo: Livspace

Livspace facts & stats

  • Attracted funding from IKEA’s VC wing, Ingka Investments, in May 2019
  • This series D round was led by Kharis Capital and Venturi Partners
  • New investors EDBI and FFP (Peugeot’s parent company) joined the fresh investment, with existing backers Ingka Investments, TPG Growth, Goldman Sachs, UC-RNT, and Bessemer Ventures also participating

Livspace was hit hard by the virus lockdowns, laying off 450 employees in May.

funding home decoration home renovation Ikea India Ingka Investments Livspace Singapore