Home interior and renovation platform Livspace said on Tuesday it crossed the billion-dollar valuation mark after raising $180 million in a Series F funding round led by global investment firm KKR. 

The Ikea-backed home renovation platform is now the 86th unicorn from India. 

To support its ambitious expansion plans, Livspace will launch in new markets, double down on brand building in India and Singapore, and continue investing in its pioneering platform technology and digitally-integrated supply chain. It also aims to hire, develop and nurture talent across the board to support both new and existing businesses.

“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, Chief Executive Officer (CEO) and co-founder, Livspace, said in a statement.

Gaurav Trehan, Partner, and CEO of KKR India, said, “We are pleased to invest in Livspace, a unique, tech-enabled business with terrific growth potential. Our investment in Livspace extends KKR’s long-term commitment to Indian consumers made through our growth technology strategy in India.”

Founded by Srivastava and Ramakant Sharma in 2015, Livspace has become synonymous with end-to-end seamless home interiors and renovation services. Through its pioneering technology platform, one of the largest digitally integrated supply chains in the home improvement industry and a unique three-sided marketplace-based approach, the Company has created a strong value chain helping homeowners, vendors and designers.