Livspace, the home interiors platform backed by IKEA, is preparing for a significant transition as it plans to shift its domicile from Singapore to India. This move is a strategic step toward its initial public offering (IPO), targeted for late 2025 or early 2026. The company has secured in-principle approval from its board for this domicile flip, aligning with recent regulatory changes that streamline the process for startups returning to India.
Founded in 2014, Livspace offers end-to-end home design and renovation solutions. The company achieved unicorn status in 2022 after raising $180 million in a Series F funding round led by KKR, bringing its valuation to over $1 billion.Currently, Livspace is on track to achieve profitability by early 2025, with a revenue run rate of ₹1,500 crore for FY25 .
The domicile flip is part of Livspace’s broader strategy to strengthen its presence in India, its primary market. The company plans to expand its offline footprint, particularly in non-metro cities, and is exploring acquisitions in the home appliances and furnishing sectors to enhance its product offerings.
As Livspace moves forward with its IPO plans, this strategic shift underscores its commitment to the Indian market and positions it for sustained growth in the home interiors industry.
