Bengaluru-based home interiors platform Livspace recorded a 23% rise in revenue for FY25, reaching ₹1,460 crore, marking its second consecutive year of moderate growth after an earlier phase of rapid expansion. The omnichannel home design firm, backed by Ikea’s Ingka Group Investments, had previously logged 85% growth in FY23 and 20% in FY24.
Alongside topline gains, Livspace has made significant progress in cutting losses. Its adjusted EBITDA loss (before ESOPs) narrowed by 47% to ₹131 crore, down from ₹246 crore in the previous fiscal. The company’s gross profit rose 26% to ₹752 crore, while gross margins stood at 51.5%, up from ₹598 crore in FY24.
Livspace said the numbers reflect better traction in both premium and mass-premium residential projects, improved cost discipline, and stronger unit economics. The company attributed the growth to rising demand for organized home renovation and higher-value interior projects.
Looking ahead, Livspace is gearing up for a reverse flip of its domicile to India by the end of 2025, a move that will align its corporate structure with its largest market. The company also continues to prepare for an IPO, which could launch in late 2025 or early 2026, as previously indicated by co-founder and CEO Ramakant Sharma.
To fuel expansion, Livspace plans to increase its retail footprint to 200 stores, deepen its reach across tier-II and tier-III cities, and introduce a private-label range of kitchen appliances, including hobs and chimneys.
Founded in 2015 by Sharma and Anuj Srivastava, Livspace connects homeowners with interior designers and contractors. The platform has raised $450 million to date from investors such as KKR, Bessemer Venture Partners, Jungle Ventures, and others.
