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TPG May Invest $40 Mn In Interior Design Company Livspace

Livspace Has Raised $27.6Mn Funding Till Date From Investors Like Helion Venture Partners And Others

End-to-end home design and décor service provider Livspace may soon raise $40 Mn in funding from US-based private equity company TPG.

According to reports, TPG is likely to make more investments in India this year. The funding is expected to be a booster for Livspace since the company is planning to open offline stores in major Indian cities.

However, Inc42 is yet to receive any kind of confirmation to the deal from the Livspace team.

TPG Growth is a middle market and growth equity platform of US-based alternative asset firm TPG and a regular investor in the Indian consumer space.

TPG currently owns a majority stake in companies such as Bengaluru-based Rhea Healthcare Pvt Ltd, surgical equipment maker Sutures India Pvt Ltd, India-focused cancer treatment chain Cancer Treatment Services International, and Lenskart, an online eyewear retailer and more. In 2017, TPG Growth had also invested $50 Mn in Dodla Dairy.

Livspace: India’s Interior Decor Market

Launched in December 2014 by Anuj Srivastava, Ramakant Sharma and Shagufta Anurag,  Livspace is a curated marketplace for homeowners and home designers.

[“Source-inc42”]