Sidley is representing KKR as lead investor in the US$180 million Series F financing round of Livspace, a home interior and renovation platform serving homeowners in India, Malaysia, and Singapore. The financing round, which turns Livspace into a “unicorn,” also included participation from existing investors including Ingka Group Investments, Jungle Ventures, Venturi Partners, and Peugeot Investments. KKR’s investment is being made as part of its Asia next-generation technology strategy and will go towards supporting Livspace’s expansion into new markets, further investment in Livspace’s platform technology, and digitally integrated supply chain and to fund strategic investments.
This transaction follows a number of transactions in recent months in which Sidley has advised KKR’s Asia next-generation technology strategy, including its investments into KiotViet, a Vietnam-based merchant platform for SMEs; GrowSari, a B2B e-commerce platform serving MSMEs in the Philippines; Moody, a tech-enabled eyewear company in China; and Walnut Programming, a children’s programming education company in China.
The Sidley team was led by Parthiv Rishi, with support from Dominic Nelson, Moses Tan, and Jian Wei Aw (M&A and Private Equity).