M&A
Luxury interior products retailer The House of Things acquires Moavi Design
Udaipur-based The House of Things (THOT), a marketplace for luxury interior products, has acquired handmade-textiles startup Moavi Design at a valuation of USD 650,000 (INR 4.9 crore) in FY2020-21. Gurgaon- based Moavi works with artisans possessing skills passed down from generations to bring textiles and hand embroidery techniques to the contemporary world. THOT sells a range of furniture, lighting, homewares, curios and art.
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