Omnichannel home improvement and interior platform Livspace has announced a strategic investment in Singapore-based Qanvast.
Livspace and Qanvast share strong brand synergies and a common vision to transform home interiors and remodeling space while creating exciting new opportunities for design and architectural professionals.
Relying on Livspace’s expertise and network will allow Qanvast to grow rapidly in Singapore and expand internationally while remaining the neutral and independent platform that is at the heart 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, its technological and innovation capabilities, as well as its strong environmental sector. developed. We have experienced tremendous growth in Singapore because customers are technologically savvy, open to exploring new offerings, and demanding about the choices they make. Investing in Qanvast helps refine 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 entering new markets such as the MENA region and Australia.
Daniel Lim, Co-Founder of Qanvast, said: “We are very excited about this partnership with Livspace. Our shared vision of reshaping the regional home improvement industry will accelerate business growth through expertise and network sharing. With Livspace, we are excited to write the next chapter in Qanvast’s growth story.
Qanvast has grown into a home improvement and design platform that connects owners and trusted home professionals in a visually stimulating environment.
The collaboration with Qanvast marks a leap forward in Livspace’s aggressive expansion plans in the APAC region.
As consumers turn to next-generation, digitally-driven brands, Livspace has established a leadership position in the region. The company has seen tremendous growth in the region and Singapore will serve as the launch pad for a larger presence throughout Southeast Asia.