For the second year in a row, omnichannel home interiors and renovation platform Livspace reported comparatively modest topline growth, with its FY25 revenue rising 23% year-on-year (YoY) to Rs 1,460 crore. In FY23, the company's revenue had shot up 85% and in FY24, it posted growth of about 20%.
Livspace’s adjusted ebitda (earnings before interest, taxes, depreciation, and amortisation) loss before esops (employee stock ownership plan) narrowed by 47% to Rs 131 crore in FY25 from Rs 2,46 crore in FY24.
Ikea-backed Livspace said that the reverse flip of its domicile to India is slated for the year-end. The platform aims to launch its IPO by late 2025 or early 2026, Ramakant Sharma, chief executive of the company, had told ET in September last year.
The company plans to serve both the affordable and premium segments through its interior designing. Livspace will expand its presence into tier-II and tier-III markets, increase retail store numbers to 200, and add more categories this fiscal year.
The Bengaluru-based interiors platform also plans to launch a new private-label line of kitchen appliances such as hobs and chimneys.
The company said its gross margin was at 51.5% for FY25, with a 26% growth in its gross profit 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 Sharma and Anuj Srivastava, Livspace is a home and design service platform that connects homeowners with designers and vendors. In 2022, it became a unicorn after raising $180 million in funding at a valuation exceeding $1 billion.
So far, the company has raised $450 million from investors such as KKR, Ingka Group Investments, Bessemer Venture Partners, and Jungle Ventures, among others.
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Livspace’s adjusted ebitda (earnings before interest, taxes, depreciation, and amortisation) loss before esops (employee stock ownership plan) narrowed by 47% to Rs 131 crore in FY25 from Rs 2,46 crore in FY24.
Ikea-backed Livspace said that the reverse flip of its domicile to India is slated for the year-end. The platform aims to launch its IPO by late 2025 or early 2026, Ramakant Sharma, chief executive of the company, had told ET in September last year.
The company plans to serve both the affordable and premium segments through its interior designing. Livspace will expand its presence into tier-II and tier-III markets, increase retail store numbers to 200, and add more categories this fiscal year.
The Bengaluru-based interiors platform also plans to launch a new private-label line of kitchen appliances such as hobs and chimneys.
The company said its gross margin was at 51.5% for FY25, with a 26% growth in its gross profit 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 Sharma and Anuj Srivastava, Livspace is a home and design service platform that connects homeowners with designers and vendors. In 2022, it became a unicorn after raising $180 million in funding at a valuation exceeding $1 billion.
So far, the company has raised $450 million from investors such as KKR, Ingka Group Investments, Bessemer Venture Partners, and Jungle Ventures, among others.
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