Omnichannel home interiors and renovation platform Livspace reported moderate topline growth, with its FY25 revenue increasing 23% year-on-year (YoY) to Rs 1,460 crore. In comparison, the company’s revenue had surged 85% in FY23 and grew approximately 20% in FY24.
Livspace’s adjusted EBITDA loss before ESOPs (employee stock ownership plan) narrowed 47%, dropping to Rs 131 crore in FY25 from Rs 246 crore in FY24.
The IKEA-backed company also announced that its reverse flip of domicile to India is planned for the end of the year, with the platform aiming to launch its IPO by late 2025 or early 2026, according to Ramakant Sharma, CEO of Livspace.
The company aims to cater to both affordable and premium segments through its interior designing services. Livspace plans to expand its footprint in Tier-II and Tier-III cities, increase its retail stores to 200, and introduce additional product categories in the current fiscal year.
The Bengaluru-based platform also intends to launch a new private-label line of kitchen appliances, including hobs and chimneys.
For FY25, the company reported a gross margin of 51.5%, with gross profit rising 26% to Rs 752 crore, up from Rs 598 crore in FY24.
“The results reflect stronger traction in premium and mass-premium residential segments, higher quality of revenue, and ongoing discipline on costs and unit economics,” the company said in a statement.
Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace is a home and design services platform that connects homeowners with professional designers and vendors. The company achieved unicorn status in 2022 after raising $180 million in funding, reaching a valuation of over $1 billion.
To date, the company has raised $450 million from investors including KKR, Ingka Group Investments, Bessemer Venture Partners, and Jungle Ventures, among others.
