Qanvast Pte Ltd
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Qanvast Pte Ltd - overview
Location
-, -, Singapore
Primary Industry
Software
About
Qanvast Pte Ltd is a renovation platform that connects homeowners in Singapore with trusted interior design firms, streamlining the renovation process and ensuring secure transactions through vetted services and protective guarantees. Founded in Singapore in 2013 by Benjamin H and Daniel Lim, Qanvast Pte Ltd serves as a digital hub for homeowners seeking reliable interior design solutions. The company was acquired by Home Interior Design E-commerce Pvt. Ltd.
, a portfolio company of the Saint-Gobain Group and Wendel, in December 2021, marking a strategic shift in its business trajectory. Qanvast operates as a comprehensive renovation platform, connecting homeowners with vetted interior design firms. The platform features a curated selection of designers, a renovation calculator, and a guarantee that protects renovation deposits against firm insolvency. It aims to facilitate transparent interactions by offering personalized firm recommendations based on user needs, allowing clients to browse portfolios and reviews, and participate in events like Qanvast Hangout for consultations.
In the most recent financial year 2024, Qanvast reported a revenue of USD 6. 18 mn, with an EBITDA of USD 1. 77 mn. The company employs a commission-free model, generating revenue from its free services that connect homeowners with interior design firms, enhancing user confidence with its Qanvast Guarantee.
Following its acquisition in December 2021, Qanvast plans to leverage the support from Home Interior Design E-commerce Pvt. Ltd. to enhance its growth strategy. The company intends to expand its offerings and potentially enter new markets, although specific regions and timelines have yet to be disclosed.
The rationale behind the acquisition underscores a commitment to fortifying its capabilities for future growth.
Current Investors
Saint-Gobain Group, Livspace Pte Ltd
Primary Industry
Software
Sub Industries
Home Repair Services, Engineering Software, Analytics & Performance Software
Website
www.qanvast.com
Verticals
Mobile Apps, Real Estate Tech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Qanvast Pte Ltd - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,651,089 | 3,426,326 | 4,487,921 | 4,038,545 | 4,344,608 | 5,900,452 | - | - | - | - |
| % Revenue Growth (YoY) | - | 29.2% | 31.0% | (10.0%) | 7.6% | 35.8% | - | - | - | - |
| EBITDA (USD) | 542,961 | 976,790 | 1,260,734 | 1,259,609 | 1,815,193 | 2,143,038 | - | - | - | - |
| Operating Income (USD) | 518,816 | 930,085 | 1,105,626 | 881,030 | 1,380,232 | 1,692,264 | - | - | - | - |
| Operating Margin | 19.6% | 27.1% | 24.6% | 21.8% | 31.8% | 28.7% | - | - | - | - |
| % EBITDA Margin | 20.5% | 28.5% | 28.1% | 31.2% | 41.8% | 36.3% | - | - | - | - |
| NET Income (USD) | 519,958 | 935,474 | 906,914 | 769,933 | 1,159,517 | 1,455,304 | - | - | - | - |
| % Net Margin | 19.6% | 27.3% | 20.2% | 19.1% | 26.7% | 24.7% | - | - | - | - |
Qanvast Pte Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Qanvast Pte Ltd | - |
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