Ikea-backed Livspace turns unicorn with $180 million KKR-led funding

India's Livspace said on Tuesday it crossed the billion-dollar valuation mark after raising $180 million in a late-stage funding round led by KKR & Co, as it looks to double down on international expansion and take on local competitors.

The home renovation platform is the 86th "unicorn" from India, according to Venture Intelligence Unicorn Tracker, in a period of record funding in Indian start-ups that saw 43 firms join the club last year alone.

Swedish retailer Ikea, among other early backers Jungle Ventures, Venturi Partners and Peugeot Investments, also invested in the round.

Livspace, a Singapore-registered firm with significant operations