In a strategic move that underscores its long-term vision to build an end-to-end home improvement ecosystem, IPO-bound home interiors giant Livspace has picked up an undisclosed stake in the early-stage furniture manufacturing startup TPlusA India. The investment—part of a €5 million (~INR 51 crore) funding round—also saw participation from Ramakant Sharma, Founder and CEO of Livspace, and Nishant Sharma, Founder and Managing Partner at Kedaara Capital, in their individual capacities.
The investment reflects Livspace’s growing focus on vertically integrating its supply chain and enhancing control over its production and fulfillment capabilities.
An Alignment for Scale and Efficiency
Founded in 2014 by Ramakant Sharma and Anuj Srivastava, Livspace has grown into an omnichannel platform offering end-to-end home interiors and renovation services. With this new investment, Livspace aims to optimize costs, improve supply chain efficiency, and deepen its presence in the furniture hardware manufacturing space.
Speaking about the development, Ramakant Sharma remarked:
“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.”
The investment comes at a time when Livspace is flush with funds, having secured INR 427 crore in April 2025 and INR 362 crore in July 2025 through internal infusions from its Singapore-based parent. These capital movements are expected to support its India domicile shift and pave the way for its anticipated IPO in late 2025 or early 2026.
TPlusA: From Vision to Execution
TPlusA India, founded in 2024 by Anil Goel—former Managing Director of Hettich India—specializes in high-quality furniture hardware and accessories. Its product range includes wooden components, door systems, fixtures, fittings, and furniture accessories.
With this fresh capital injection, TPlusA plans to:
- Set up a manufacturing facility in Madhya Pradesh
- Expand its manufacturing capacity and operational footprint
- Align operations with Livspace’s full-stack supply chain model
Anil Goel, Founder and CEO of TPlusA, commented:
“Having Livspace, along with Ramakant Sharma and Nishant Sharma, back our vision is a strong endorsement of what we’re building. This isn’t just capital—it’s a strategic partnership. Their collective experience will accelerate our journey to deliver smart and design-forward hardware solutions for India’s growing interiors market.”
Global Partnerships and In-House Innovation
TPlusA stands out not only for its seasoned leadership but also for its global collaborations. The company partners with reputed international manufacturers such as:
- WSS (Germany)
- Indaux (Spain)
- SIGE (Italy)
In addition, it offers its own in-house brand “T+A”, targeting the value-driven segment of India’s furniture fittings and hardware market.
Livspace’s Financials & Future Plans
Livspace appears to be on solid financial footing. In FY24, the company:
- Reduced losses by 45.75%, down to INR 413.8 crore from INR 762.8 crore in FY23
- Increased total income to INR 1,234 crore, up from INR 1,005 crore in FY23
These figures signal not only strong growth but a continued push toward profitability and operational efficiency—goals well supported by deeper supply chain control.
Conclusion
Livspace’s investment in TPlusA represents more than just financial backing—it is a strategic alignment that reinforces Livspace’s ambition to own and control critical supply chain touchpoints, reduce dependencies, and deliver seamless, cost-effective solutions to customers.
For TPlusA, the partnership offers capital, credibility, and access to a vast ecosystem, accelerating its growth in a competitive and fast-evolving market.
As India’s home improvement sector continues to mature, such strategic investments could mark the beginning of a larger trend where design, supply chain, and manufacturing converge—redefining how homes are built and furnished across the country.
For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.