<ul><li>Bengaluru-based home and sleep solutions brand Wakefit has become a public entity in preparation for its upcoming IPO launch.</li><li>The company changed its legal name to Wakefit Innovations Limited, a necessary step before listing on Indian stock exchanges.</li><li>Wakefit, founded in 2016, started as a D2C mattress startup and has since diversified into offering various home products.</li><li>The company is planning to raise between Rs 1,500 crore to Rs 2,000 crore (approximately $180–240 million) through the IPO and has appointed five independent directors to its board.</li></ul>

Mattress brand Wakefit converts into public entity as it prepares for IPO launch: Report

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