Saint-Gobain picks up minority stake in Livspace

Founded in 2015, Livspace offers end-to-end solutions for
home interiors, from design to installation. The company handles around 20,000
homes annually in India and is poised to grow rapidly in the future.

“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 both companies, aiding a faster scale-up and expanded customer
reach,” B Santhanam, CEO Asia-Pacific of Saint-Gobain, said in a statement.

Livspace offers a complementary route to market, promoting
solutions under the Saint-Gobain brand.

This investment in Livspace will complement the
Group’s full range of solutions in the residential market in India which
accounts for over 80 per cent of the country’s building construction market,
said a statement. 
Courtesy: www.thehindubusinessline.com

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