Ikea-backed Livspace is set to become the latest startup to file for flipping its domicile to India from Singapore and has secured the board’s in-principle approval for the same, founder Ramakant Sharma told ET. The home decor startup plans to launch its initial public offering (IPO) by the end of 2025 or early 2026, but the timeline is subject to change.
Livspace to file for domicile flip from Singapore for IPO in 2025-26
Mphasis appoints Ajay Arya to head M&A
“Ajay will be based in New York and lead the entire process, including strategy, evaluation, deal sourcing, negotiation, diligence management and post-merger integration,” the company said.
Enterprise-focused data infrastructure startup e6data raises $10 million led by Accel
California-and Bengaluru-based data infrastructure startup e6data will use these funds to double down on R&D, acquire more clients and scale its hiring. Founded in 2021, e6data has created a hyper-performance computation engine for data intelligence platforms and offers its solution as a managed service for enterprises.
Swiggy launches initiative to turn delivery partners into sales executives
A part of the platform’s skills development programme, which offers skilling, training, internship, and employment opportunities in its value chain, Project Next has already transitioned its 100 delivery partners as sales executives who have onboarded nearly 360 restaurants in the last five weeks, the company said.
Infosys collaborates with UK's Metro Bank for digital transformation
The collaboration will utilise Infosys Topaz, the firm’s AI-first offerings, to enhance Metro Bank’s digital capabilities, improve automation, refine data, and embed further AI capabilities, as per a regulatory filing.
To India with love: boAt founder Aman Gupta to delve deep into product innovation, building a household brand, challenges, and lessons at the ET Soonicorns Summit 2024
Aman Gupta has successfully created a product-driven brand, boAt, with consumer-specific and data-driven strategies. Join us at the ET Soonicorns Summit 2024, on September 20, where Gupta will share his experiences, lessons in resilience, and an overview of the Indian startup ecosystem in a Fireside chat. Do not miss this opportunity to learn from the best in the business and to use these insights for your own brand. Do not forget to register!
Next-gen e-commerce: BigBasket’s Hari Menon to track the quick-commerce surge and currency of speed amid big opportunities—register now to join the Fireside chat at ET Soonicorns Summit 2024
At the ET Soonicorns Summit 2024, on September 20, learn from disruptors to take ownership of your startup’s journey and scale it to the next level. In a Fireside chat, BigBasket’s Hari Menon will dive deep into the previously written-off but now booming quick-commerce sector, share BigBasket’s diversification playbook, and discuss what the future holds for the sector in terms of growth and opportunities. Bengaluru is calling!
Koo cofounder Mayank Bidawatka announces new venture Billion Hearts Software
Mayank Bidawatka, cofounder of the now-defunct Koo, is launching a new venture called Billion Hearts Software Technologies. The startup aims to create digital products for global users and has secured angel funding. Talks with venture capital firms for seed funding are ongoing. Koo shut down after failed merger talks and prolonged funding challenges.
AI experts ready 'Humanity's Last Exam' to stump powerful tech
The call comes days after the maker of ChatGPT previewed a new model, known as OpenAI o1, which “destroyed the most popular reasoning benchmarks,” said Dan Hendrycks, executive director of CAIS and an advisor to Elon Musk’s xAI startup.
Hyperlocal news startup Way2News raises $14 million in funding from WestBridge Capital, others
Way2News, a hyperlocal news platform, has raised $14 million in funding led by WestBridge Capital. The funds will help expand its presence in South Indian states like Karnataka and Kerala. Founded in 2015, Way2News provides real-time news in eight languages and generates revenue through local advertising.