Home interior and renovation company Livspace’s net loss narrowed for the financial year that ended March 31, 2023, as the firm sold more products in India, its biggest market, coupled with a reduction in fair value losses in the year.
The Singapore- and India-based company’s loss after tax for the year stood at around S$130 million, versus S$182 million in the previous financial year, show its filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
The TPG- and KKR-backed company’s revenue, meanwhile, surged 85% to S$188 million in FY23.
