Saint Gobain acquires minority stake in Indian interior design startup Livspace
- ByStartupStory | November 11, 2021
The French glass and building maker Saint Gobain has acquired a minority stake in the Indian interior design startup Livspace for an undisclosed amount. The investment made in Livspace would complement the French MNCs’ full range of solutions in the residential market in India.
Talking about the recent acquisition, the CEO Asia Pacific of Saint-Gobain, B Santhanam stated, “Over the last two years, our businesses have focused on developing an innovative approach for the home segment by offering its customers end-to-end solutions (design to installation). This partnership is a win-win for companies, aiding a faster scale-up and expanded customer reach.”
Founded in 2014 by Anuj Srivastava and Ramakant Sharma, Livspace is home interior and Renovation Company headquartered in Singapore. The company provides end-to-end solutions for home interiors from design to installation. It handles around 20,000 homes annually in India and is expected to grow rapidly in the future.
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