Livspace, a home interiors and renovation platform backed by KKR & Co. and Goldman Sachs Group Inc., is setting aside $100 million for acquisitions to fuel expansion across India, Singapore, Malaysia and the Middle East.
“This is our strategy to expand the market size and the profitability profile of the company," Srivastava said in a joint interview with Ankit Shah, a former Goldman Sachs executive director who joined Livspace as chief strategy officer earlier this year.
The move comes after Livspace raised $180 million in a funding round that valued the company at more than $1 billion.
It gives us more opportunity to truly act as a consolidation platform and acquire some of these capabilities in a strategic way."
This story has been published from a wire agency feed without modifications to the text.

Source - Mint