Ikea-backed interior design startup Livspace raises $60m: Report

Photo: Unsplash

Online home design firm Livspace has raised about $60 million from Hong Kong-based Tahoe Investment Group, and Singapore-domiciled Mercer Investments and EDB Investment, along with Kharis Capital, a European investment management firm, and Venturi Partners’ managing director Nicholas Cator, The Economic Times reported quoting regulatory filings.

The funding is part of a bigger $100 million round, which is expected to close soon. Existing backers Goldman Sachs, private equity firm TPG Growth, Swedish furniture firm Ikea, Ratan Tata’s UC-RNT Fund are likely to join the round, DealStreetAsia recently reported.

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