Omnichannel home interiors and renovation platform Livspace has acquired a majority stake in Mumbai-based LED lighting solutions company Abby Lighting in a cash-and-stock transaction valued at approximately ₹204 crore, according to regulatory filings reviewed by Entrackr.
As per filings with the Registrar of Companies (RoC), the transaction includes ₹173 crore in cash and ₹31 crore through a share swap. Under the share swap arrangement, Abby Lighting co-founders Sanjay Bajaj and Suresh Bajaj will receive 4,11,274 equity shares of Livspace, amounting to about 0.31 per cent stake in the company.
Confirming the development, a Livspace spokesperson said the acquisition is a strategic move aligned with the company’s vision to expand its product portfolio. The spokesperson added that Abby Lighting’s promoters and management will continue to run the business, and operations will remain unchanged post-acquisition.
Founded in 2000, Abby Lighting designs and manufactures LED and architectural lighting solutions for residential, commercial, and industrial applications. The company offers customised and energy-efficient lighting systems, along with switchgear products, and operates an 85,000+ square feet design and manufacturing facility in Palghar, Maharashtra.
The acquisition strengthens Livspace’s end-to-end home solutions stack by integrating lighting design and manufacturing capabilities into its ecosystem. For the IKEA-backed Livspace, this marks its fifth acquisition to date, following earlier buys including Qanvast, YoFloor, Dwll.in, and DezignUp.
Founded in 2014, Livspace allows homeowners to explore, design, and customise pre-designed rooms, kitchens, wardrobes, and storage solutions through its omnichannel platform, catering to both online and offline customers.
According to startup data intelligence platform TheKredible, Livspace has raised over $520 million in funding so far, including a $180 million Series F round led by KKR & Co., which helped the company achieve unicorn status.
On the financial front, Livspace reported 23 per cent year-on-year growth in operating revenue to ₹1,460 crore for the fiscal year ended March 2025, compared to ₹1,185 crore in the previous year. The company also reduced its losses by 42 per cent to ₹242 crore, reflecting improving operational efficiency amid scale-up efforts.
Follow Startupbydoc for daily startup insights, funding news, IPO analysis, and business breakdowns.