Meta (formerly Facebook) on Tuesday announced to onboard Sequoia Capital along with others to accelerate the growth of small and medium businesses (SMBs) in the country.This is the second time that Sequoia India is participating in the VC Brand .
Mamaearth eyes $80-100 million at $350-400 million valuation
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Synopsis
Mamaearth began with a focus on baby-care products, but has pivoted to become a personal care brand. Sequoia and Fireside may lead round, say sources.
ETtech
Illustration: Rahul Awasthi
Direct-to-consumer personal care brand Mamaearth is raising $80-100 million (Rs 600-750 crore) from its existing investors, valuing the company at $350-400 million.
Sequoia Capital and Fireside ventures might be leading this round, people with knowledge of the development said.
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“The investors are bullish about the company’s growth prospects and would want to double down on their investment,” said one of the people.