Livspace, a new-age home interiors solutions provider backed by private equity firm KKR, is planning to shift its domicile back to India, and list on local stock exchanges. Currently based in Singapore, the firm has initiated internal processes with the aim to go public in 2025, three people in the know of the development said.
The company is looking to hit profitability by the end of the current financial year and is eyeing a listing opportunity in 2025, one of the three people cited above said, seeking anonymity.
In February 2022, Livspace raised $180 million in a funding round led by KKR at a valuation of $1.2 billion, to join the coveted unicorn club. The startup has so far raised about $450 million.
"It has begun work internally and is likely to apply for regulatory approvals and flip back the company in the next 9-12 months," the second person said.
Esta historia es de la edición January 16, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 16, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesn’t have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India
SBI set to raise $1.25 bn, India's biggest bank loan of 2024
State Bank of India plans to borrow up to $1.25 billion, in what would be the largest dollar-denominated loan from the country's financial sector this year, said two people in the know.
Festival retail auto sales up 12%: Fada
Festive period sales from 3 Oct to 13 Nov came in at about 4.3 mn units, compared to last year's 3.8 mn units
