Home interior and renovation platform Livspace acquires majority stake in Singapore-based Qanvast

The strategic investment will help Livspace and Qanvast bolster their home interior and design services in the region

BestMediaInfo Bureau
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Home interior and renovation platform Livspace acquires majority stake in Singapore-based Qanvast

Omni-channel home interior and renovation platform Livspace has announced a strategic investment in Singapore-based Qanvast.

Both Livspace and Qanvast share strong brand synergies and a common vision to transform the home interiors and renovations space while creating exciting new opportunities for design and architecture professionals.

Tapping on Livspace’s expertise and network will allow Qanvast to scale rapidly in Singapore and expand internationally while continuing to be the neutral and independent platform which is the core of its business model.

Anuj Srivastava, CEO and Founder of Livspace, said, “Singapore is a key market for Livspace given its status as a global financial hub, capabilities in technology and innovation, as well as its well-developed environment sector. We’ve seen tremendous growth in Singapore because customers are technologically savvy, open to exploring new offerings, and discerning about the choices they make. The investment in Qanvast helps sharpen our offerings in the region. With Singapore as our headquarters, we are strategically expanding our presence across the globe while strengthening our operations in APAC and launching in new markets such as MENA and Australia.”

Daniel Lim, Co-Founder of Qanvast, said, “We are very excited about this partnership with Livspace. Our common vision to reshape the regional home renovation industry will accelerate the growth of the business through expertise and network sharing. Together with Livspace, we are excited to write the next chapter in Qanvast's growth story.”

Qanvast has emerged as a platform for home re-modelling and design that connects homeowners and trusted home professionals in a visually stimulating environment.

The collaboration with Qanvast marks a leap forward in Livspace’s aggressive expansion plans within the APAC region.

As consumers shift towards new-age, digital-first brands, Livspace has achieved a leadership position in the region. The company has witnessed tremendous growth in the region and Singapore will serve as a launchpad for a wider presence across all of SE Asia.

Livspace Qanvast