Ingka Group invests in Livspace

Ingka Group invests in Livspace
21/05/2019 , by , in News/Views

Home design and renovation platform Livspace said IKEA’s strategic partner Ingka Group has invested an undisclosed sum in the India-based company.

“Ingka Investments, the investment arm of Ingka Group (Ingka Holding B.V and its controlled entities), has made a minority investment in the company. Ingka Group is a strategic partner in the IKEA franchise system, representing 90 per cent of the total IKEA retail sales through 367 stores in 30 markets including India,” Livspace said in a statement.

With Ingka’s strong global footprint and Livspace’s disruptive technology platform, the investment enables a sharing of expertise between the two companies, it added.

About admin