The company, which was last valued at close to 700 crore, has held talks with strategic and financial investors, three people with knowledge of the development said.
"The company has not been able to scale up beyond the initial traction it saw. Merging with a larger player seems to be on the cards," the first person cited above said on condition of anonymity as the talks are private.
The company has so far held talks with two large peers in its segment, Accel-backed HomeLane and KKR-backed Livspace, for a merger, the second person cited above said.
The third person said the company has also engaged with Saint-Gobain-held MyHome and the JSW Group, too. It was not immediately clear which entity within the JSW Group was pursuing this acquisition.
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