Livspace Picks Up Stake In Furniture Manufacturing Startup TPlusA

IPO-bound home decor startup Livspace has acquired an undisclosed amount of stake in early-stage furniture manufacturing startup TPlusA India.

Livspace founder Ramkant Sharma and Kedaara Capital founder and managing partner Nishant Sharma were also part of 5 Mn euros (about INR 51 Cr) maiden funding round of the startup founded in 2024.

In a statement, Livspace said that the acquisition will help both the startups optimise costs.

“We believe in investing in businesses that align with our core category focus. This partnership is a natural extension of our commitment to build an end-to-end ecosystem for home improvement in India,” Livspace’s Sharma said.

Founded in 2014 by Sharma and Anuj Srivastava, Livspace is an omnichannel home interiors and renovation platform. It provides services from design to managed last mile fulfillment.

Meanwhile, TPlusA India was founded in 2024 by legacy furniture fittings and hardware manufacturer Hettich India’s former MD Anil Goel. Livspace said that TPlusA specialises in manufacturing high-quality furniture hardware and accessories, including wooden components, fixtures, fittings, and door hardware.

The startup plans to use the fresh funds to set up a manufacturing unit in Madhya Pradesh, expand its operations and “align capabilities with Livspace’s full-stack supply chain vision”.

Livspace’s investment comes at a time when it is flush with funds, raising fresh capital from its Singapore-based parent multiple times in 2025. After netting INR 427 Cr in internal funding from its parent in April, Livspace saw another internal infusion of INR 362 Cr last month.

On the financial front, Livspace trimmed its loss by 45.75% to INR 413.8 Cr in FY24 from INR 762.8 Cr in FY23. Total income increased to INR 1,234 Cr during the year from INR 1,005 Cr in FY23.

As of now, the startup is targeting to shift its domicile back to India as it eyes an IPO. Last year, it was reported that Livspace was targeting a public listing by late 2025 or early 2026, with in-principle board approval already secured for its India return.

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