Livspace's Domicile Flip from Singapore and Byju's Legal Battles in the Spotlight
Livspace's Strategic Move to Flip Domicile to India
Livspace, a home decor startup, is preparing to transition its domicile from Singapore to India as it aims for an IPO in 2025-26. The company's founder, Ramakant Sharma, indicated that this move is essential for their public offering strategy. With a strong annual growth rate and profitability, Livspace is positioning itself for success in the Indian market.
Policy Changes Facilitate Domicile Shifts
The recent modifications in government policy have streamlined the domicile flipping process for startups. Livspace will become one of the first companies to benefit from these changes, removing the former need for National Company Law Tribunal (NCLT) approval.
Byju's Legal Challenges Intensify
Meanwhile, Byju's faces challenges in the legal arena as Glas Trust, representing US lenders, has moved to the Supreme Court. They are contesting their exclusion from the committee of creditors in the company's restructuring process.
Implications for Byju's Financial Stability
The ongoing legal battles could have serious implications for Byju's financial stability and its future endeavors.
Snap's AR Glasses Revolution
The tech landscape is also heating up with Snap's release of its fifth-generation augmented reality glasses, pushing the boundaries of technology in the industry. With this introduction, Snap competes directly against major players like Meta and Apple, marking a significant evolution in AR technology.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.