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
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000