Key Details:

Regulatory Changes: The Indian government has eased the domicile transfer process by eliminating the requirement for National Company Law Tribunal approval, streamlining the migration timeline.

Market Context: Livspace is poised to be among the first companies to leverage this new policy, joining other notable startups like Razorpay and Meesho in relocating their headquarters.

Financial Performance: The company is on track for a revenue run-rate of Rs 1,500 crore for FY25. Livspace aims for positive EBITDA by March 2025, following a notable improvement from a -9% EBITDA in FY24.

Expansion Strategy: Livspace plans to double its store count to 200 by March, focusing on non-metro markets such as Patna and Guwahati. The company is also exploring acquisitions in the consumer brand sector to enhance its portfolio.

Service Range: Livspace offers home decor services priced between Rs 1 lakh and Rs 1 crore, catering to a broad customer base through various brands.

Unicorn Status: Livspace achieved unicorn status in 2022 after securing $180 million in funding, valuing the company at over $1 billion.

Conclusion: The shift to India and the anticipated IPO reflect Livspace’s growth trajectory and commitment to enhancing its market presence.