:Different co-founders Ruwin Perera and Mina Radhakrishnan. Source: Supplied.
Proptech startup :Different has entered into voluntary administration after failing to secure adequate funds to continue running the business.
Documents listed by the Australian Securities and Investments Commission (ASIC) on Thursday show Amanda Coneyworth and James Stewart from KPMG have been appointed administrators of the company, which was also confirmed to SmartCompany by a KPMG spokesperson.
“The voluntary administrators have now commenced an urgent assessment of the business with the intent to commence an orderly sale of :Different’s assets and intellectual property as soon as possible,” they added.
A date is yet to be set for an initial creditors meeting, but SmartCompany understands it must take place within eight days of entering into voluntary administration.
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