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Home interiors and renovation platform <keyword id="2644491" type="General" weightage="100" keywordseo="livspace" source="Orion">Livspace</keyword> has laid off at least 100 employees as part of cost-cutting measures, the media reported. According to a report in leading startups coverage portal Inc42, the layoffs impacted 2 per cent of Livspace's workforce, affecting product, engineering, content, and marketing teams. The company said in a statement that "we will, in the normal course of our operations, redeploy resources". "This is organic and a reflection of normal adjustments and/or performance management parameters," it said, adding that the business has more than doubled over the past year and it aims to turn profitable in the coming year. Livspace had sacked 450 employees during the first wave of the Covid pandemic. In October last year, the company earmarked $100 million to invest and incubate new offerings and brands in the direct-to-consumer (D2C) market in the home interiors and renovation segment. Singapore-based Livspace said it aims to create multiple home interiors and renovation solutions and D2C offerings which serve homeowners across various segments in its markets across India, Southeast Asia and the Middle East region. "As we continue to scale across new segments in existing geographies and enter new regional markets, we are looking for successful businesses and like-minded entrepreneurs that help us scale even faster," <keyword id="354664" type="General" weightage="50" keywordseo="anuj-srivastava" source="Orion">Anuj Srivastava</keyword>, CEO and Co-founder, of Livspace, said. Livspace currently has operations in over 45 cities across Southeast Asia, India, and the Middle East region. It has raised around $450 million in capital from some of the top global investors including KKR, Ingka Group Investments (part of the largest IKEA retailer Ingka Group), <keyword id="141646" type="General" weightage="50" keywordseo="tpg-growth" source="Orion">TPG Growth</keyword>, Goldman Sachs, Kharis Capital, <keyword id="8869182" type="General" weightage="50" keywordseo="venturi-partners" source="Orion">Venturi Partners</keyword> and others. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/google-i/o-2023-pixel-7a-pixel-fold-pixel-tablet-android-14-and-everything-we-expect-to-see/articleshow/98798666.cms">Google I/O 2023 – Pixel 7a, Pixel Fold, Pixel Tablet, Android 14, and everything we expect to see</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/indian-carriers-to-report-1-6-1-8-billion-consolidated-loss-in-fy24-says-industry-body-capa/articleshow/98799040.cms">Indian carriers to report $1.6-1.8 billion consolidated loss in FY24 says industry body CAPA</a>

Home decor company Livspace lays off 100 employees

<ul><li><keyword id="2644491" type="General" weightage="100" keywordseo="livspace" source="Orion">Livspace</keyword> currently has operations in over 45 cities across Southeast Asia, India, and the Middle-east region.</li><li>The company said it has witnessed over 100 per cent growth in the last six months and 400 per cent over the last two years.</li><li>Singapore-based Livspace aims to create multiple home interiors and renovation solutions. </li></ul> Home interiors and renovation platform Livspace on Monday said it has earmarked $100 million to invest and incubate new offerings and brands in the direct-to-consumer (D2C) market in the home interiors and renovation segment. With this money, Singapore-based Livspace aims to create multiple home interiors and renovation solutions and D2C offerings which serve homeowners across various segments in its markets across India, South-east Asia and the Middle-East region. "As we continue to scale across new segments in existing geographies and enter new regional markets, we are looking for successful businesses and like-minded entrepreneurs that help us scale even faster," said <keyword id="354664" type="General" weightage="50" keywordseo="anuj-srivastava" source="Orion">Anuj Srivastava</keyword>, CEO and Co-founder, Livspace. "In line with this, we will aggressively and methodically pursue a build-or-buy strategy to create the maximum value for the ecosystem and deliver the best experience to our customers and ecosystem partners," he added. Livspace has deployed part of the allocated capital in acquiring a majority stake in companies such as <keyword id="15210361" type="General" weightage="50" keywordseo="qanvast" source="Orion">Qanvast</keyword>, which connects homeowners and trusted design professionals. It is looking at investing in content destinations, direct-to-consumer interior brands and D2C private labels. The strategy will be spearheaded by Ankit Shah, Chief Strategy Officer, Livspace. "The capital and resource allocation strategy will help our business scale faster across markets, grow our margin stack further and create strong defensible moats," Shah said. Livspace currently has operations in over 45 cities across Southeast Asia, India, and the Middle-east region. The company said it has witnessed over 100 per cent growth in the last six months and 400 per cent over the last two years. Livspace has raised around $450 million in capital from some of the top global investors including KKR, <keyword id="15210362" type="General" weightage="50" keywordseo="ingka-group-investments" source="Orion">Ingka Group Investments</keyword> (part of largest IKEA retailer Ingka Group), <keyword id="141646" type="General" weightage="50" keywordseo="tpg-growth" source="Orion">TPG Growth</keyword>, <keyword id="6361649" type="General" weightage="50" keywordseo="goldman-sachs" source="Orion">Goldman Sachs</keyword>, Kharis Capital, <keyword id="8869182" type="General" weightage="50" keywordseo="venturi-partners" source="Orion">Venturi Partners</keyword> and others. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ms-dhoni-launches-camera-drone-droni-in-partnership-with-garuda-aerospace/articleshow/94755452.cms">MS Dhoni launches camera drone Droni in partnership with Garuda Aerospace</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/this-world-mental-health-day-lets-unlock-the-behavioural-effects-of-lockdown/articleshow/94754635.cms">This World Mental Health Day, let's unlock the behavioural effects of lockdown</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/mulayam-singh-yadav-the-dhartiputra-of-national-politics/articleshow/94753893.cms">Mulayam Singh Yadav: The Dhartiputra of national politics</a>

Livspace earmarks $100 mn to invest in D2C brands in home segment

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Facebook/Frances ValentineFrances Valentine.</div></div></div><ul><li><a href="http://www.businessinsider.com/category/kate-spade">Kate Spade</a> was <a href="http://www.businessinsider.com/kate-spade-cause-of-death-suicide-medical-examiner-confirms-2018-6">found dead</a> by suicide in her apartment in New York City on June 5. She was 55.</li><li>She leaves behind <a href="http://www.businessinsider.com/kate-spade-husband-andy-spade-business-partner-2018-6">her husband, Andy Spade</a>, and a 13-year-old daughter, Frances Beatrix Spade.</li><li>Kate had not been part of her namesake handbag label for more than a decade, but she was at the helm of a new accessories business she and Andy founded in 2015, called Frances Valentine.</li><li>Her business partner and close friend, Elyce Arons, told Business Insider that the brand is determined to honor her legacy. </li><li>The late designer left four seasons of completed work behind.</li></ul>It's been a little over a week since news broke of Kate Spade's death by suicide. The 55-year-old designer was found dead in her apartment in New York City on June 5. Since then, fans have been paying tribute to her work by posting messages on social media and <a href="http://www.businessinsider.com/kate-spades-death-shoppers-share-personal-stories-2018-6">sharing memories</a> of the first time they bought a Kate Spade handbag - a brand that she hadn't been associated with for over a decade. Kate and Andy Spade <a href="http://www.businessinsider.com/kate-spade-brand-2013-2">sold their final stake in the Kate Spade brand</a> to Neiman Marcus in 2006, and it subsequently changed hands twice. It's currently owned by Tapestry, the parent company of Coach. Other fans are now wondering what will happen to her newer brand, Frances Valentine, which she founded in 2015 with her husband, Andy, and business partners Elyce Arons and Paola Venturi.The brand has stayed relatively quiet in the past week, <a href="http://www.businessinsider.com/kate-spade-frances-valentine-responds-to-death-2018-6">posting a tribute on social media</a> and its website with a picture of the company's late creative director."We are deeply saddened by the loss of our dear friend and founder, Kate Valentine Spade, who will remain in our hearts forever," the message said. Both the founder-information and press-inquiry areas of Frances Valentine's website appear to have been taken down.The company has also been inundated with messages on social media, and a day after Spade's death, <a href="http://www.businessinsider.com/kate-spade-frances-valentine-sold-out-2018-6">all 25 handbags listed on Frances Valentine's website appeared to be sold out</a>. Arons, a close friend of Spade's who worked as head of operations at Spade's namesake handbag brand and then became a managing partner at Frances Valentine, told Business Insider that the company is determined to honor Spade's legacy."We don't know what the future holds for us, but we are determined to continue to make her beautiful work live on through Frances Valentine. We will be stronger for her, more connected to each other through her," Arons wrote in an email to Business Insider.According to Arons, Spade left four seasons of completed and designed work behind, along with an "abundant library of her concepts."The original design team from the early days at the Kate Spade brand is also now working for Frances Valentine, Arons said, along with Kate's husband, Andy, who starting working with his wife at Kate Spade full-time in 1996. For now, the close-knit Frances Valentine is focused on processing the grief of what has happened and contacting the many customers who have been in touch to offer their sympathy."We have been inundated with calls and emails about product, but also about people's emotional connection to Kate. She was authentic and I think people sensed that and really felt close to her," Arons said. <h2>Remembering Kate Spade:</h2><ul><li><a href="http://www.businessinsider.com/kate-spade-handbags-household-name-unique-2018-6">The Kate Spade brand became a household name because it did something other brands didn't</a></li><li><a href="http://www.businessinsider.com/kate-spades-death-shoppers-share-personal-stories-2018-6">'You don't know me but I know you': After Kate Spade's death, people are sharing how the designer touched their lives through fashion</a></li><li><a href="http://www.businessinsider.com/kate-spade-shared-how-she-wanted-to-be-remembered-2002-interview-2018-6">Kate Spade shared how she wanted to be remembered in a 2002 interview</a></li><li><a href="http://www.businessinsider.com/kate-spade-brand-2013-2">Kate Spade was totally detached from her namesake brand</a></li><li><a href="http://www.businessinsider.com/kate-spade-husband-andy-spade-business-partner-2018-6">Kate Spade leaves behind her husband and business partner. Here's what we know about their relationship.</a></li><li><a href="http://www.businessinsider.com/kate-spade-fans-react-apparent-suicide-mental-health-reminders-2018-6">Kate Spade's fans are reacting to her apparent suicide with reminders about mental health</a></li><li><a href="http://www.businessinsider.com/celebrities-fashion-industry-reacts-to-kate-spade-apparent-suicide-2018-6">Celebrities and fashion industry figures are reacting to Kate Spade's apparent suicide</a></li></ul> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/sneaky-ways-costco-buy-more-tricks-2018-5">Sneaky ways Costco gets you to buy more</a></h3> <div> </div> </div>

Kate Spade's close friend and business partner says the late designer left 4 seasons of completed work for her handbag company

<ul><li>The company has raised $180 million from <keyword id="6354544" type="General" weightage="20" keywordseo="kkr" source="Orion">KKR</keyword>, <keyword id="6371031" type="General" weightage="20" keywordseo="ikea" source="Orion">Ikea</keyword> and others.</li><li>It plans to use this capital to enter APAC, MENA and Australia.</li><li><keyword id="2644491" type="General" weightage="20" keywordseo="livspace" source="Orion">Livspace</keyword> is the fourth Indian startup to turn into a unicorn in 2022.</li></ul>Home interior and renovation company Livspace on Tuesday announced that it turned into a unicorn by crossing the billion-dollar valuation mark. The company has raised $180 million in a funding round led by KKR &amp; Co. Swedish retail Ikea, along with the company’s existing backers like Jungle Ventures, Venturi Partners and Peugeot, also invested in this round. Overall, the company has raised nearly half a billion to date. The company plans to use this capital to double down on international expansion and take on local competitors like HomeLane, Stokers, At Home Group, Pepperfry and American Furniture Warehouse. "Our business is growing exponentially in both India and Singapore, and we aim to replicate this playbook, launch new solutions and accelerate our launches across new markets with operations across APAC, MENA and Australia,” Anuj Srivastava, cofounder and chief executive officer (CEO) of Livspace, said in a statement. So far, four Indian startups have turned into a unicorn in 2022. This includes AI analytics <a href="https://www.businessinsider.in/business/startups/fractal-raised-360-million-funding-from-tpg-at-1-billion-valuation/articleshow/88712189.cms">Fractal</a>, edtech startup <a href="https://www.businessinsider.in/business/startups/news/lead-school-joins-byjus-upgrad-as-the-sixth-edtech-unicorn-of-india/articleshow/88867816.cms">LeadSchool</a> and software-as-a-service (SaaS) company Darwinbox. Mamaearth too had officially announced its unicorn funding this year, but the development was already <a href="https://www.businessinsider.in/business/startups/news/india-is-home-to-81-unicorns-now-as-mamaearth-globalbees-make-it-to-the-list/articleshow/88558418.cms">reported based on regulatory filings </a>by the end of 2021. The year 2021 was the best one for Indian startups as <a href="https://www.businessinsider.in/business/startups/news/2021-indias-year-of-the-unicorn-and-its-many-high-points/slidelist/88528773.cms">four startups turned a unicorn every month</a>. Overall, 44 startups were valued over $1 billion last year. Piyush Goyal, the minister of industry and commerce, hopes that India will create 75 unicorns in 2022. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/adani-wilmar-tvs-motor-bharti-airtel-irctc-and-other-hot-stocks-on-february-8/slidelist/89418927.cms">Adani Wilmar, TVS Motor, Bharti Airtel, IRCTC and other hot stocks on February 8</a> <a href="https://www.businessinsider.in/business/startups/news/interview-indias-latest-software-unicorn-is-wetting-its-feet-in-america-after-holding-its-horses-for-seven-years/articleshow/89409491.cms">INTERVIEW: India’s latest software unicorn is wetting its feet in America after holding its horses for seven years</a> <a href="https://www.businessinsider.in/business/startups/news/future-groups-kishore-biyani-mohandas-pai-and-68-others-invest-in-former-twitter-india-heads-latest-startup/articleshow/89403045.cms">Future Group’s Kishore Biyani, Mohandas Pai and 68 others invest in former Twitter India head’s latest startup</a>

Reliance investor KKR, Ikea and others turn Livspace into a unicorn

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Business Insider/Jessica TylerThe Frances Valentine pop-up store will be open through January.</div></div></div><ul class="summary-list"><li><a href="https://www.businessinsider.com/category/kate-spade">Kate Spade's</a> brand, <a href="https://www.businessinsider.com/category/frances-valentine">Frances Valentine</a>, opened its first physical store in Manhattan last week. </li><li>Kate and Andy Spade started Frances Valentine in 2015 with their business partners Elyce Arons and Paola Venturi.</li><li>The store, a pop-up that will be open only for a limited time, carries handbags, shoes, and jewelry from the Frances Valentine web site. It also has select products from the "Love, Katy" collection, which takes inspiration from the designer's personal wardrobe. </li></ul>Frances Valentine, the handbag and accessories brand cofounded by the late Kate Spade, opened its first physical store in Manhattan last week. Kate and Andy Spade started Frances Valentine with their business partners Elyce Arons and Paola Venturi in 2015.After Kate Spade's death in June, fans of Frances Valentine were uncertain what would happen to the brand. But Arons, a close friend of Spade's who had worked as head of operations at her namesake handbag brand and later became a managing partner at Frances Valentine, <a href="https://www.businessinsider.com/kate-spade-frances-valentine-brand-to-live-on-business-partner-says-2018-6">told Business Insider's Mary Hanbury</a> that the company was determined to honor Spade's legacy."We don't know what the future holds for us, but we are determined to continue to make her beautiful work live on through Frances Valentine," Arons <a href="https://www.businessinsider.com/kate-spade-frances-valentine-brand-to-live-on-business-partner-says-2018-6">said in an email</a> to Business Insider in June. "We will be stronger for her, more connected to each other through her." <a href="https://www.businessinsider.com/kate-spade-frances-valentine-brand-to-live-on-business-partner-says-2018-6">Arons also said</a> that Spade left behind four seasons of completed and designed work, along with an "abundant library of her concepts." Frances Valentine's first physical store opened as a pop-up shop in New York City on November 15, carrying handbags, shoes, and jewelry from its web site. It also has select products from the "Love, Katy" collection, which takes inspiration from the designer's personal wardrobe. The pop-up shop will be open through January. Here's what it's like to shop there: <a href="https://www.businessinsider.com/intelligence/future-of-retail-ai?IR=T&amp;utm_source=businessinsider&amp;utm_medium=ctgr&amp;utm_term=ctgr_leadgen&amp;utm_content=ecommerce_ctgr_leadgen&amp;utm_campaign=ecommerce_ctgr_leadgen_future-of-retail-ai"></a>

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Home decor company Livspace lays off 100 employees

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Livspace earmarks $100 mn to invest in D2C brands in home segment

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Kate Spade's close friend and business partner says the late designer left 4 seasons of completed work for her handbag company

Mary Hanbury

Reliance investor KKR, Ikea and others turn Livspace into a unicorn

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Kate Spade's Frances Valentine brand just opened its first-ever physical store - take a look inside

Jessica Tyler

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You Searched For "venturi partners" and got 5 results

Home decor company Livspace lays off 100 employees

IANS

Livspace earmarks $100 mn to invest in D2C brands in home segment

IANS

Kate Spade's close friend and business partner says the late designer left 4 seasons of completed work for her handbag company

Mary Hanbury

Reliance investor KKR, Ikea and others turn Livspace into a unicorn

Kritti Bhalla

Kate Spade's Frances Valentine brand just opened its first-ever physical store -&#160;take a look inside

Jessica Tyler

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Kate Spade's Frances Valentine brand just opened its first-ever physical store - take a look inside