Omnichannel home interiors and renovation platform Livspace is set to inject US$100 million into expansion and develop D2C private labels across India, Southeast Asia, and the Middle East.
The Singapore-headquartered company said it is looking at investing in content destinations, D2C interior brands and D2C private labels. Livspace has already used some of the capital to acquire majority stakes in companies such as Qanvast, Southeast Asia’s content destination and mobile platform for home improvement.
“As we continue to scale across new segments in existing geographies and enter new regional markets, we are looking for successful businesses and like-minded entrepreneurs that help us scale even faster,” said Anuj Srivastava, CEO and co-founder at Livspace.
“In line with this, we will aggressively and methodically pursue a build-or-buy strategy to create the maximum value for the ecosystem, and deliver the best experience to our customers and ecosystem partners in our journey of becoming the go-to place for all things home.”
The move follows the company’s series F funding round earlier this year led by KKR, which raised more than $160 million.
“The capital and resource allocation strategy will help our business scale faster across markets, grow our margin stack further and create strong defensible moats,” said Ankit Shah, chief strategy officer at Livspace.
Livspace operates in more than 45 cities across Southeast Asia, India and the Middle East region.