India, Feb. 7 -- Ahead of its much anticipated initial public offering (IPO), home decor startup Livspace has reportedly reshuffled its top deck, elevating chief operating officer Ramakant Sharma to the position of chief executive officer.

Besides, the company's cofounder and CEO Anuj Srivastava has also transitioned to the role of chairman of the board, ET reported.

While Srivastava will work with the board members and shareholders to look after the IPO process, fundraises and organic growth strategies, Sharma will helm the company's day-to-day operations.

Inc42 has reached out to the company for comments on the development. The story will be updated based on the response.

(The story will be updated soon.)

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