"Reports of withdrawal of Mamaearth IPO are baseless. We are still in the IPO process, engaging with the regulators and bankers. We should get approval on IPO prospectus by next month,” Alagh has told CNBC-TV18
Mamaearth parent Honasa Consumer Ltd filed its documents for an IPO in December, planning to raise about $200 million to $300 million, through the issuing of new equity and an offer for sale of some existing shares, which could have valued the company at up to $3 billion.
Ghazal Alagh had earlier shared a piece of advice for founders. 'Founders should fire and then rehire themselves every year to build their brands and businesses,' she said.
OfBusiness and Infra.Market were the only two unicorns having a profit of more than Rs 100 crore for FY22
Mamaearth co-founder Ghazal Alagh advised founders: "Brand building is a slow process. Focus on compounding your wins and never give up."
In 2018, Shilpa Shetty had acquired 16 lakh shares of Mamaearth at Rs 41.86 apiece, which amounts to 0.52 percent stake in the company. At a market capitalisation of Rs 10,685 crore, her investment will be worth Rs 55.5 crore
Direct to consumer companies are viewed as a growing threat to listed FMCG companies. Honasa's numbers show how their business models are starkly different
"Valuation discovery is a process which will take place over time as we get into deeper conversations with investor community," Mamaearth founders Varun and Ghazal Alagh stated.
Sky-high valuation, exorbitant advertising spends, and inconsistent profit have caught the attention of netizens
From reading "something, anything, everyday" to taking a pledge to do more for the environment, here's what industry leaders have in store for 2023.
The beauty and personal care company is looking to raise Rs 400 crore through a fresh issue of shares, apart from an offer for sale of around 4.7 crore shares
The net proceeds of the IPO will be used for advertisement expenses to improve brand visibility and awareness, setting up new exclusive brand outlets, investment in BBlunt for setting up new salons, general corporate purposes and inorganic growth
After a dramatic slowdown in activity, there is a lot of buzz on the street once again because the IPO season is back. From Bikaji & Sula to DCX Systems, most IPOs in 2022 saw strong interest from investors. As we enter the new year, let’s have look at the key IPOs that investors should watch out for in 2023.
At the Google event, Sundar Pichai also had separate sessions with Telecom and IT Minister Ashwini Vaishnaw and author Twinkle Khanna who interviewed Pichai.
Calling itself a professional network for women, leap.club plans to touch 100,000 in memberships and Rs. 100 crores in revenue over the next couple of years.
Chadha has already apologised for her controversial tweet, which caused a severe backlash on Twitter, with netizens including celebrities, accusing her of mocking the sacrifice of the Indian armed forces.
This is the highest income in the last four years for the company, which is a house of brands with a digital-first approach. Its other brands include Aqualogica, Ayuga, BBLUNT, and Dr Sheth's.
In FY22, the company spent Rs 391 crore on advertising, while its cost of materials and employee benefit expenses increased to Rs 281 crore and nearly Rs 79 crore, respectively.
Having led investments in four companies in the list, including two unicorns, Sequoia Capital India, led by Ravishankar GV, is the top investor in the Practus Hurun India PE Performers 2022.
Founded in 2016 by husband-wife duo Varun and Ghazal Alagh, Mamaearth has emerged as one of the hottest new-age consumer brands in India, riding the direct-to-consumer wave, where brands sell to consumers directly from their website or via e-commerce platforms. It offers more than toxin-free, natural products, including bamboo-based baby wipes, face masks, lotions, and hair care products.While it started out with as a skincare startup focussed on baby care, it has expanded to adult categories in recent years, also stepping up its offline presence via distribution and dedicated stores. On the Bits to Billions show, Varun and Ghazal Alagh spoke about how their infant's skin condition inspired them to start up, how Mamaearth is coping with inflation, how every product is tested and plans for an India IPO
Unicorn skincare brand says it is trying to hold back on raising prices as far as possible through more cost efficient formulations, offering value packs
Mamaearth, an Indian skincare business funded by Sequoia Capital, is in talks to raise at least $300 million in an IPO next year, with a valuation of around $3 billion, according to three people with knowledge of the company's intentions.
"At home, all the doomsday talk (in the early days of the pandemic) was making everyone sad and this was affecting the kids too. So, I started making dance reels with Varun to lift the mood and we did yoga as a family…"
Mamaearth boss Ghazal Alagh said in a LinkedIn post that progress is not a linear path. “Even the tiniest of improvements, when applied consistently, realise their moment of breakthrough," she added.
Aneesh Sheth, who founded Dr Sheth’s in 2016, will continue to lead the business and product innovation for the brand