IKEA Franchisee Invests in Home Design Startup Livspace

Date posted: Tuesday 21 May 2019

Bengaluru-based end-to-end home design and decor service provider Livspace has raised an undisclosed amount from IKEA group franchisee, Ingka Group (Ingka Holding B.V and its controlled entities) for a minority stake. The partnership is expected to enable the sharing of expertise between the two companies combining IKEA’s massive portfolio of products with Livspace’s technology platform. The funds will be used by the startup to develop new home interior solutions and products, market expansion and expanding offline retail footprint.

(Inc42)