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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The personal care startup’s draft IPO papers have attracted much commentary and expectations of an overpriced issue. We cut through the noise.
Editor's note: Here’s what everyone’s asking. Is Mamaearth going to be another Paytm? For those who haven’t followed Vijay Shekhar Sharma’s ruinous 2022, Paytm lost 70% of its value after going public. It doesn’t help that Mamaearth has decided to test the public markets at a time when internet companies or anything that’s even remotely associated with the startup ecosystem is being looked at with suspicion. While the company hasn’t indicated a target valuation in its draft IPO papers, filed last week, rumours abound that it may look at something in the ballpark of $3 billion. Until the company gets clearance from the capital markets regulator and finalizes its IPO prospectus, there’s no certainty as to how it will price its shares in the public offer. For now, we try to cut through the noise and put into perspective Mamaearth’s business model and its surprising decision to tap the public markets for funds, given its slim profits and the sentiment against startup IPOs. First, the basics. Incorporated as Honasa Consumer Pvt. Ltd, Mamaearth is a beauty and personal care company. Founded in …
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
The online storytelling company is betting that content will be the most sought-after commodity as scores of platforms jump on the microdrama bandwagon. But success will hinge on whether it has a good enough story to draw the audience.
