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India`s Byju`s to list unit Aakash Education by mid-2024 Indian education startup Byju's on Monday said it will take its educational institute Aakash Education Services public through an initial public offering (IPO) by mid-2024. Aakash, which was acquired for $950 million by Byju's in 2021, had first filed its draft prospectus in July 2018, before scrapping its listing plans. The announcement comes amid a gloomy market for domestic listings. After peaking in 2021, the IPO market has fizzled out due to concerns of companies' valua...
India`s Byju`s to list unit Aakash Education by mid-2024
India`s Byju`s to list unit Aakash Education by mid-2024
Source: Reuters
5/06/2023 3:40:31 PM
Food-tech startup Pluckk appoints Mamaearth's Market Place Head Kunwarjeet Grover as Head of Growth  Pluckk, a leading food-tech direct-to-consumer company, focused on farm to fork fresh produce, on Monday announced the appointment of Kunwarjeet Grover as the company's Head of Growth. Grover will be based in Bengaluru and will report directly to Pratik Gupta, CEO and Co-Founder of Pluckk. In his new role, he will be responsible to drive revenue across online and offline channels, lead sales and growth teams. Grover joins Pluckk from the fast-growing direct-to-consumer company...
Food-tech startup Pluckk appoints Mamaearth's Market Place Head Kunwarjeet Grover as Head of Growth
Food-tech startup Pluckk appoints Mamaearth's Market Place Head Kunwarjeet Grover as Head of Growth
Source: IANS
30/05/2023 9:08:35 AM
Indian skincare firm Mamaearth's parent puts IPO on hold Indian skincare startup Mamaearth has put its initial public offering (IPO) on hold because of weak market conditions, two people with direct knowledge of the matter said, a month after two other Indian companies also scrapped their share sales. 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 comp...
Indian skincare firm Mamaearth's parent puts IPO on hold
Indian skincare firm Mamaearth's parent puts IPO on hold
Source: Accord Fintech
27/03/2023 12:09:52 PM
Shilpa Shetty to make a killing in Mamaearth IPO Angel investors, including Bollywood actress Shilpa Shetty, stand to make a killing in the forthcoming IPO of Mamaearth as the company is being valued at Rs 24,000 crore. Sources said keeping aside the unrealistic high revenue multiple valuation of the Mamaearth IPO, angel investors are going to multiply their investment with this IPO. "The reported valuation for the Mamaearth IPO is at Rs 24,000 crore which is almost 25x FY22 revenues and 1600x FY22 profits (PE). These are incredi...
Shilpa Shetty to make a killing in Mamaearth IPO
Shilpa Shetty to make a killing in Mamaearth IPO
Source: IANS
10/01/2023 9:10:50 AM
India`s Mamaearth parent files for IPO Parent of Indian personal care products startup Mamaearth, Honasa Consumer Ltd, on Thursday filed for an initial public offering (IPO), according to draft papers submitted to the market regulator. The Sequoia- and Sofina-backed company's IPO will comprise of a fresh issue of shares worth 4 billion rupees ($48.30 million) and an offer for sale of 46.8 million shares. Mamaearth was co-founded as a direct-to-consumer brand by Varun Alagh, a former Hindustan Unilever executive, and his ...
India`s Mamaearth parent files for IPO
India`s Mamaearth parent files for IPO
Source: Reuters
29/12/2022 1:57:33 PM
Myntra's EORS 17 to cater to 5 mn shoppers with 17 lakh styles from December 10-16 The 17th edition of Myntras biannual End of Reason Sale (EORS) is set to cater to 5 million shoppers with a whopping 17 lakh styles across leading fashion, beauty and lifestyle brands, the company said on Wednesday. The latest edition of EORS from December 10-16 is bigger with a 70 per cent higher style count than the previous winter edition, raising the bar with over 17 lakh styles across more than 6,000 popular domestic and international brands on offer, according to the company. Earl...
Myntra's EORS 17 to cater to 5 mn shoppers with 17 lakh styles from December 10-16
Myntra's EORS 17 to cater to 5 mn shoppers with 17 lakh styles from December 10-16
Source: IANS
7/12/2022 2:29:04 PM
Exclusive - Indian skincare startup Mamaearth eyes $3 billion valuation in 2023 IPO MUMBAI - Sequoia Capital-backed Indian skincare startup Mamaearth is in talks to raise at least $300 million in a planned IPO next year and is seeking a valuation of around $3 billion, three people with direct knowledge of the company's plans told Reuters Founded in 2016, Mamaearth has become popular in India with its range of "toxin-free" products such as face washes, shampoos and hair oils. It competes with Unilever's India unit, Hindustan Unilever, and Procter & Ga...
Exclusive - Indian skincare startup Mamaearth eyes $3 billion valuation in 2023 IPO
Exclusive - Indian skincare startup Mamaearth eyes $3 billion valuation in 2023 IPO
Source: Reuters
21/06/2022 3:53:36 PM
India gets 1st unicorn of 2022 in Mamaearth parent Honasa Digital-first consumer brands platform Honasa, that owns personal care brands like Mamaearth, on Saturday said it has raised $52 million led by Sequoia, becoming the first Indian unicorn of 2022. Along with launching new brands, Honasa Consumer Pvt Ltd said that it will continue to aggressively expand distribution for existing brands -- Mamaearth and The Derma Co. -- and explore strategic inorganic growth opportunities in the beauty and personal care segment. "Our flagship brand, M...
India gets 1st unicorn of 2022 in Mamaearth parent Honasa
India gets 1st unicorn of 2022 in Mamaearth parent Honasa
Source: IANS
1/01/2022 2:20:47 PM