Mamaearth IPO - Litmus Test for Startups and the Street
Mamaearth's parent company Honasa Consumers is finally hitting Dalal Street with a ₹1700 crore IPO. The company will raise ₹365 crore in fresh issue and the rest will be an offer for sale. What's surprising is that the company is seeking a valuation of over ₹10,000 crore - nearly 60% lower than the ₹24,000 crore…
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