Livspace raises $ 90 million to Charis Capital, Venturi Partners, and more

​​ Series D financing also includes support from Inca-based Ingka Investment, individual investors from IKEA, TPG Growth, Goldman Sachs, and Bessemer Ventures.

Singapore: Real estate developer Livspace in Singapore says China has raised $ 90 million to support its expansion into multiple markets, invest in technology, and strengthen chains.

Kharis Capital, Venturi Partners, Singapore EDBI, and Fageot, along with Swiss FFP, said the company.

Series D financing also includes support from Inca-based Ingka Investment, individual investors from IKEA, TPG Growth, Goldman Sachs, and Bessemer Ventures.

Livspace, which has raised more than $ 200 million since early 2014, has not given estimates.

As COVID-19 and other keys hit Livspace, a recovery is beginning to be seen as homeowners are slowly buying products and services online.

“We are a little lower or maybe next month where we are moving forward – if necessary, the position of COVID,” Anuj Srivastava, its CEO, and assistant, told Reuters.

The company hopes to raise money in India by 2021, the largest market, followed by Singapore. Other markets are still Malaysia, Indonesia, Australia, and the Middle East.

Livspace, which plans to acquire a total of $ 500 million in the product in 32 months, plans to enter Malaysia, Indonesia, Australia, and the Middle East.

The company plans to double its staff in Singapore by almost 250 in 12-18 months and will be redundant in India after retirement this year. It currently employs nearly 2,500 people.

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