LivSpace in talks to raise $200M at valuation of $1.5B
Home decor platform LivSpace may be set to become 2021’s next unicorn in lieu of the fact that the company is allegedly in talks to raise $200M from a clutch of investors, possibly bringing its valuation up to $1.5 billion.
“Our growth has been unparalleled in the segment and we are very well-funded currently to support our growth plans. We have a strong balance sheet, owing to our platform, strong unit economics and the segment we operate in, which also enabled us to scale our operations quickly and aggressively across markets. The fact remains, we are a startup and, like any other startup, funding conversations are an always-on process,” stated a LivSpace spokesperson.
As per a report by Entrackr, as per LivSpace’s regulatory filings in Singapore, the company transferred nearly $60 million to its holding firm. French MNC Saint Gobain. The capital infusion was handled by SaudiASG and Trifecta capital. This could possibly signify that the startup may be planning to expand to the Middle East, alongside its operations in India and Singapore.
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