Page 4 - Sofina Ventures News Today

'Post the approval as is in line with the regulations we will have 12 months to file RHP and take the company public, which we will do in consultation with our bankers'

Mamaearth's declaration with the market regulator follows one issued in January by a rival in the D2C sector Warburg Pincus-backed boat.

Honasa Consumer Limited, the parent company of D2C brands Mamaearth, BBlunt and The Derma Co, has filed the DRHP with SEBI for an IPO.

The net proceeds of the IPO will be used for advertising to increase brand visibility and awareness, opening new exclusive brand outlets, investing in BBlunt to open new salons, general corporate purposes, and inorganic growth, , ipo, Hosana Consumers, mamaearth

There is little doubt that the market for initial public offering (IPO) will continue to attract investors in India who look for ways to make a quick profit. In the latest, Honasa Consumer Private Ltd, the parent firm of brands such as Mamaearth, The Derma Co, and BBlunt has filed draft papers with Sebi for listing to raise funds through a combination of a fresh issue and an offer-for-sale (OFS), said a report.

Mamaearth parent company, Honasa, files IPO papers with SEBI

Agritech startup DeHaat’s loss widened over 253% YoY to INR 1,563.9 Cr in FY22 on the back of a sharp rise in its miscellaneous expenses.

Google and Impact Assets infused INR 40.78 Cr and INR 40 Cr funding respectively, in agritech startup CropIn

During the first week of December, Indian startup ecosystem raised total of 221 million dollars from 26 funding deals.

This week, the Indian startup ecosystem has managed to raise $558 Mn across 26 deals, a 127% jump from $245 Mn raised last week across 21 deals