Singapore-based proptech LivSpace has raised $180 million U.S. in a Series F funding round led by KKR & Co, which brings its valuation to over $1 billion U.S. as the online home interior market prepares to hunt for acquisitions in the Asia-Pacific region.

According to Bloomberg, the Series F round also attracted existing investors including Ikea, Jungle Ventures, Venturi Partners and Peugeot Investments. LivSpace plans to use the new capital to invest in its core markets in India and Singapore, enter new territories such as Saudi Arabia, the United Arab Emirates and Australia, and expand in Southeast Asia,

“A list of potential stock markets could happen in a few years. At this stage, we will continue to be confidential and at the right time, we will see where is the right place to take the company to the public,” said founder Anuj Srivastava.

LivSpace will also be looking for acquisition opportunities, having recently acquired a majority stake in Qanvast, a Singapore-based home design and renovation platform. In the Middle East, the company has also formed a joint venture with the Alsulaiman Group, Ikea’s operating partner in the region.

Currently, around 80% of LivSpace’s revenue comes from India. For KKR, meanwhile, LivSpace represents the latest in a series of deals meant to capitalize on the rising technology wave in Asia.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions.

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