Livspace raises $90 million led by Kharis Capital and Venturi Partners

BENGALURU: Home design and renovation platform Livspace has raised $90 million, led by Switzerland-based investment management firm Kharis Capital and Nicholas Cator’s Venturi Partners, along with Peugeot Group’s holding company FFP, Pidilite Group and Singapore-based EDBI.

Existing investors Ingka Investments, TPG Growth, Goldman Sachs, UC-RNT and Bessemer Ventures also participated in the round. ET was the first to report the development on January 24.

On Monday, Livspace’s rival HomeLane raised 60 crore in equity and debt financing from Stride Ventures, Accel Partners, Sequoia Capital, Evolvence India and JSW Ventures.


These investments are a sign that investors are increasingly betting on specialised vertical marketplaces for large outcomes, at a time when the market for a horizontal ecommerce has been capped by Flipkart and Amazon.