Home design startup Livspace snags investment from Ikea group

Singapore

OMNICHANNEL synergies, product integration and regional expansion are all on the table for home design and renovation startup Livspace now that it has bagged a strategic investment from the largest owner of Ikea stores, chief executive Anuj Srivastava told The Business Times on Tuesday.

On Monday, Livspace announced that Ingka Group, which operates most of Ikea's stores globally, took a minority stake in the startup via investment arm Ingka Investments. Ingka operates more than 360 Ikea stores in 30 markets, including India, representing some 90 per cent of total Ikea retail sales.