India, Aug. 6 -- IPO-bound home decor startup Livspace has acquired an undisclosed amount of stake in early-stage furniture manufacturing startup TPlusA India.

Livspace founder Ramkant Sharma and Kedaara Capital founder and managing partner Nishant Sharma were also part of 5 Mn euros (about INR 51 Cr) maiden funding round of the startup founded in 2024.

In a statement, Livspace said that the acquisition will help both the startups optimise costs.

"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," Livspace's Sharma said.

Founded in 2014 by Sharma and Anuj Srivastava, Livspace is an omni...