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Ozone Overseas, backed by Nuvama, is planning to raise ₹1,000-1,500 crore through an IPO and will file its draft papers by the end of this financial year.
What it does: the company offers a wide range of architectural hardware like glass fittings, door locks, and safes, sourcing products globally and selling them across India through a large dealer network.
Its portfolio includes over 4,500 products used in homes, hospitals, institutions, malls, and airports.
Big picture: India’s furniture market is set to grow from $30.6 billion in 2025 to $64.1 billion by 2032 at the rate of 11%, driven by rising incomes, urbanisation, and demand for more stylish, branded products.
With more people working from home and the gig economy expanding, demand is shifting toward functional, flexible furniture, like home office setups, creating strong opportunities for modern, D2C furniture brands.
Persistence Market Research
