Livspace Acquires Abby Lighting for Expansion in Home Interior Services

Omnichannel home interior and renovation platform Livspace has made a significant move by acquiring Mumbai-based LED lighting solutions provider Abby Lighting in a cash and stock transaction, as indicated by regulatory filings examined by Startup Superb. According to its documentation with the Registrar of Companies (RoC), Livspace secured a majority stake in Abby Lighting for approximately Rs 204 crore, equating to around $23 million. This deal involves Rs 173 crore in cash and Rs 31 crore through a share swap.

Details of the Acquisition

As part of the share swap arrangement, co-founders of Abby Lighting, Sanjay Bajaj and Suresh Bajaj, will receive 4,11,274 equity shares in Livspace, representing about a 0.31% ownership share in the business. A Livspace spokesperson confirmed to Startup Superb that this is a strategic investment aligned with their goal of providing a diverse range of offerings to customers. The management team from Abby Lighting and Switchgears will continue to oversee the company, with operations remaining consistent.

About Abby Lighting

Founded in 2000, Abby Lighting specialises in the design and manufacture of LED and architectural lighting solutions tailored for residential, commercial, and industrial applications. The company provides customised, energy-efficient lighting systems along with related switchgear products. It operates from a 85,000+ sq ft design and manufacturing facility located in Palghar, Maharashtra.

Livspace’s Growth and Previous Acquisitions

This acquisition marks Livspace’s fifth purchase to date, enhancing its portfolio of home interior services. Previous acquisitions include Qanvast, YoFloor, Dwll.in, and DezignUp. Established in 2014, Livspace empowers homeowners to discover and customise ready-made rooms, kitchens, and storage solutions through its platform.

Funding Achievements

As per data from various startup intelligence sources, Livspace has successfully raised over $520 million, including a $180 million Series F funding round led by KKR & Co., which enabled the firm to achieve unicorn status. For the fiscal year ending March 2025, Livspace reported a year-on-year growth of 23% in operating revenue, reaching Rs 1,460 crore, up from Rs 1,185 crore in FY25. Concurrently, the company reduced its losses by 42% to Rs 242 crore.