Operator
Good day, and thank you for standing by. Welcome to the Customers Bancorp Inc. Second Quarter Earnings Conference Call. [Operator Instructions]
[Operator Instructions] I would now like to hand the conference over to your speaker today, David Patty. Please go ahead.
David W. Patti
Director, Marketing and Communications
Thank you, Alicia, and good morning, everyone. Thank you for joining us for the Customer Bancorp s earnings call for the second quarter of 2021. The presentation deck you will see during today s webcast has been posted on the Investor Relations page of the bank s website at www.customersbank.com. You can access the deck by clicking a red button marked latest earnings presentation. Our investor presentation includes important details that we will walk through on this morning s webcast. I encourage you to use, download or print the document. Before we begin, we would like to remind you that some of the statements we make today may be considered forward-lo
Info Edge digs in; rules for crypto ads; Mamaearth valued at $730M
Want this newsletter delievered to your inbox?
SUBSCRIBE
Thank you for subscribing to Morning Dispatch
We ll soon meet in your inbox. / Morning Dispatch
Zomato’s public listing made a lot of investors rich, but none more than
Info Edge. In an interview, its founder told us the company plans to hold on to the bulk of its 15% stake as it still sees huge potential for Zomato to grow.
Also in this letter:
Inside IISc Bangalore s Incubation Lab
We have the luxury of being really patient: Info Edge founder
ETtech
Illustration: Rahul Awasthi
Mamaearth has closed a $50 million funding round led by Belgian investment fund Sofina, valuing the direct-to-consumer (D2C) personal care brand at $730 million, one of the most valued new-age D2C brands in the country.
Existing investor Sequoia Capital also participated in the round, while early investors Fireside Ventures, Stellaris Venture Partners, Sharp Ventures and Titan Capital sold some stakes in a secondary transaction, the company said.
In a secondary share sale, the money does not flow into the company directly but goes to investors selling their stakes.
The latest fundraising round was mostly in the form of primary capital infusion, while there was also a share buyback from some of its early employees.
By siliconindia | Monday, 26 July 2021, 03:58 Hrs Mamaearth gets $50 million funding round led by Belgian investment fund Sofina. This fundraising has raised the company’s valuation to $730 million. One of the most valued new-age D2C brands in the country. Existing investor Sequoia Capital also participated in the round, while early investors Fireside Ventures, Stellaris Venture Partners, Sharp Ventures and Titan Capital sold some stakes in a secondary transaction, the company said. In a secondary share sale, the money does not flow into the company directly but goes to investors selling their stakes. “The plan is to double the sales by 100 percent this year. Because of Covid-19’s second wave, offline expansion was halted, but now we plan to deepen our offline presence,” states Alagh, Founder, Mamaearth.
Teachmint aims to double its user base in TN to 1 million in next 6 months thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.