Livspace and Alsulaiman Group joint venture invests $50 million for MENA expansion

Livspace and Alsulaiman Group joint venture invests $50 million for MENA expansion

Livspace, India and South East Asia’s largest omni-channel home interior and renovation platform enters GCC markets through a joint venture with Alsulaiman Group (ASG), Ikea’s operating partner in the region. The two companies will build on Livspace’s technology platform, digital supply chain and most trusted managed-marketplace with an investment injection of $50 million to capitalize on the vast opportunities in home interiors and renovation segment in the MENA region starting with Saudi Arabia.

Livspace brings homeowners, design professionals, vendors and brands together on a single managed marketplace. The company’s global experience, combined with the strong legacy of ASG will aid the brand in delivering world-class home interior and renovation solutions across the Middle East. ASG is expanding its range of products and services through investing and partnering with innovative companies and startups that bring unique concepts to the region.