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.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?