Tuesday, March 28, 2023
Outlook India
Outlook Business

Ghazal Alagh

Honasa Consumer Ltd, the parent company of Mamaearth, filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) in December 2022

Mentorship and knowledge sharing by successful women start-up entrepreneurs can benefit those waiting in the aisles, fostering an ecosystem that brings more female leaders onto the centre stage while shattering their reticence to network and seek help

Mamaearth's parent company, Honasa Consumer, filed the draft red hiring prospectus (DHRP) with Security Exchange Board of India (SEBI) last December

The company will utilise the post-IPO capital to improve brand visibility and set up outlets

The company targets to raise $300 million from a possible IPO at a valuation of $3 billion in 2023