TPG may invest inIndian Interior Designer Studio
End-to-end home design and décor service provider studio-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.
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.