Saint-Gobain, the design solutions company, has acquired a minority stake in Livspace. With this acquisition, Saint-Gobain is focusing on the rapidly growing residential markets in India and Southeast Asia. Livspace is a digital-first intermediation platform that offers end-to-end solutions for home interiors, design and installation. This investment aims to complement Saint-Gobain’s full range of solutions in India, which accounts for over 80 per cent of the country’s building construction market, the company said in a statement. This investment cements a strong strategic partnership between the two companies. This is a major step forward in “Making the World a Better Home.”
It is yet another major milestone for Saint-Gobain Myhome in its journey to provide end-to-end, sustainable, and innovative solutions to homeowners and designers in India. “I am very pleased to partner with Livspace. 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),” said B. Santhanam, CEO Asia-Pacific, Saint-Gobain.
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