+
Livspace Plans Domicile Shift to India for IPO
ECONOMY & POLICY

Livspace Plans Domicile Shift to India for IPO

Livspace, a home decor startup backed by Ikea, has received in-principle approval from its board to shift its domicile to India from Singapore. Founder Ramakant Sharma confirmed plans for an initial public offering (IPO) by late 2025 or early 2026, contingent on regulatory approvals.

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.

Livspace, a home decor startup backed by Ikea, has received in-principle approval from its board to shift its domicile to India from Singapore. Founder Ramakant Sharma confirmed plans for an initial public offering (IPO) by late 2025 or early 2026, contingent on regulatory approvals. 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.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code