Ola Electric, headed by Bhavish Aggarwal, has experienced a substantial surge in its consolidated revenue from operations during the fiscal year 2021-22. The company’s annual revenue witnessed an exponential growth of nearly 400 times, reaching ₹373 crore for the fiscal period, compared to the previous year’s ₹0.86 crore as per its annual financial statements. This … [Read more…]
The initial public offering (IPO) of Honasa Consumer, the parent company of Mamaearth, has concluded with a flourish as institutional investors displayed robust enthusiasm on the final day of the offering. The IPO, which had faced a lukewarm response during the first two days, rallied to be oversubscribed, primarily driven by strong participation from institutional … [Read more…]
Honasa Consumer Ltd., the parent company of D2C upstart Mamaearth, has officially announced its initial public offering (IPO). The startup is expecting to raise a substantial ₹1,701 crore on the upper-price band of the IPO. It is expecting a rather steep ₹10,424 crore IPO valuation. The IPO is priced in the range of ₹308 to … [Read more…]