Breaking NewsIndian Beehive

In 2023 IPO, Mamaearth may aim for $3 B valuation

Mamaearth, an Indian beauty and babycare company, plans to go public next year and is aiming for a $3 billion value, according to individuals who spoke to Reuters.

The business, which had a January valuation of US $1.2 billion, also intends to raise US $300 million through the IPO and may file the preliminary paperwork for the move by the end of this year, according to the article.

Mamaearth is a social enterprise based in India, Nepal, Bangladesh, and Sri Lanka, founded in 2016 by Varun Alagh and Ghazal Alagh. The business provides a selection of its own “toxin-free” goods for newborns as well as for the body, face, and hair.

It received $52 million in funding from Sequoia, Sofina Ventures SA, and Evolvence in January.

 

 

SHARE

Related Articles

Back to top button