Livspace posts 23% revenue growth in FY25, narrows EBITDA loss by 50% as it eyes India domicile shift

Bengaluru-based home furnishing startup Livspace reported a 23% year-on-year rise in revenue for FY25, driven by continued traction in its premium and mass-premium segments, as it looks to shift its base back to India by the end of the year.

The home-interior firm posted a revenue of Rs 1,460 crore in FY25, up from Rs 1,185 crore in the previous fiscal.

While the company did not disclose its profitability target, it said in a press note that it sees a “clear pathway” towards it. Livspace said cost discipline and stronger unit economics helped narrow its EBITDA loss by about 50% to Rs 131 crore, aided by margin improvements.

Its gross margin improved marginally to Rs 752 crore, with a 26% growth in gross profit. During the same period, its EBITDA margin improved from -20.8% to -9.0%.

These improvements in its bottom line come as the company looks at diversification in adjacent categories like kitchen appliances, chimneys, etc, under its private label. It is also looking to diversify into adjacent home categories under LivSpace Home to offer homeware, furniture and soft furnishing like curtains.

Livspace, which competes with players like HomeLane and Arrivae, currently operates over 150 stores across 90 cities. Before the end of the current financial year, it plans to open over 200 outlets, a mix of owned and franchise stores covering about 100 cities.

The company is currently based in Singapore but plans to shift its domicile back to India before year-end.

Founded in 2014 by Ramakant Sharma and Anuj Srivastava, Livspace is a marketplace and design automation platform that connects homeowners, certified designers, and vendors. It is backed by KKR, Ingka Group investments, TPG Growth, Goldman Sachs, Bessemer Venture Partners, and others.

Earlier this year, Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, the founders of online pharmacy startup PharmEasy, launched All Home, an interior design and home improvement venture. The company raised an undisclosed seed round from  Bessemer Venture Partners, at a valuation of over $120 million.