Swedish furniture behemoth IKEA has made a minority investment in Goldman Sachs and TPG Growth-backed Indian startup Livspace, which helps consumers manage home renovations and interior design, according to an announcement.
The deal has been routed through Ingka investments, the investment arm of Ingka Group, which is a strategic partner in the IKEA franchise system representing 90 percent of total retail sales of the retail giant through 367 stores in 30 markets including India.
