Team Startupcity

• Livspace invests $5.5Million in 15-month-old premium furniture hardware startup TplusA.
• TplusA offers European-quality fittings at competitive prices via global and in-house brands.
• Funds to build a manufacturing plant in Madhya Pradesh under “Make in India” initiative.

Livspace, a home-interiors behemoth, has invested more than $5.5 million in TplusA India, a 15-month-old startup that sells premium furniture hardware and accessories, founded by industry veteran Anil Goel.

 The investment reinforces Livspace's supply-chain integration play and reiterates its punt on local manufacturing in the wake of India's rapidly expanding home-improvement industry.

The round also saw personal investments from Ramakant Sharma, Livspace's founder and CEO, and Nishant Sharma, Kedaara Capital's founder and managing partner.

Also Read- Refold AI Raises $6.5Million to Automate Enterprise API Integrations

Originally a unit of GOTC India, the Bengaluru-based firm has quickly allied with many top furniture makers in the country to break pricing conventions by offering European-standard fittings at lower prices. Its catalog features wood components, fixtures, fittings, and door hardware, procured through an alliance with WSS (Germany), Indaux (Spain), and SIGE (Italy), as well as its own cost-effective house brand, T+A.

This is not simply investment it's a strategic partnership,explained Goel. 

With the networks and expertise of our investors, we are well-positioned to expand our design-centric, cost-effective hardware solutions throughout India.

Ramakant Sharma of Livspace continued, "This investment is a natural continuation of our vision to build a holistic, end-to-end home-improvement ecosystem in India.

TplusA will utilize the new capital for setting up a state-of-the-art manufacturing facility in Madhya Pradesh under its "Make in India" program to provide cost advantages and reduce supply chains for manufacturers and consumers alike.