Delhi, New: Due to strong revenue growth, home remodeling platform Livspace has achieved “cash-flow positive” status in India’s market, according to a senior company executive.
From over Rs 1,100 crore in the previous fiscal year, Livspace anticipates a 30% increase in income in the 2023–2024 fiscal year.
The business in India accounts for 80–85% of the company’s overall revenue.
During the reviewed period, the company’s EBITDA losses decreased from 96.86 million Singapore dollars to 95.35 million Singapore dollars.
Over the last two fiscal years, our revenue has increased by 50% CAGR (compounded annual growth rate). The October–December quarter of 2023–2024 saw cash flow positive operations in our India division, accounting for 80–85% of total revenue, according to Livspaceco Founder Ramakant Sharma, speaking with PTI.
In response to a question concerning revenue from the previous fiscal year, Ankit Shah, Chief Strategy Officer of Livspace, stated that while figures are still being finalized, revenue in 2023–2024 may increase by roughly 30%.
“Our balance sheet shows approximately USD 100 million in cash,” he stated, adding that the money would be used for growth.
