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Sofina-led funding may value Mamaearth at $700 million SECTIONS Share ETtech Illustration: Rahul Awasthi Belgian investment fund Sofina is at an advanced stage of negotiations to lead a new funding round in personal care brand Mamaearth, according to two people in the know of the matter. The fresh infusion of capital will likely value the direct-to-consumer (D2C) brand at about $700 million from around $200 million in 2020, indicating continued investor interest in D2C brands overall. D2C brands have gained amid the Covid-19 pandemic as shoppers increasingly purchase online. The financing round is expected to be in the range of $60-$80 million, with a primary component of around $50 million. ....
NEW DELHI: Where will the IPO-bound Zomato put its huge cash pile to work? This question is worth Rs 14,000 crore, and how! Despite improved unit economics and lower cash burn, Zomato went on a fund-raising spree in FY21, with Rs 4,800 crore worth of equity capital raised in the first nine months and another funding round of Rs 1,800 crore came in February, making analysts wonder what will the Indian multinational restaurant aggregator and food delivery company do with the cash on balance sheet post its Rs 8,250 crore IPO. The proposed offer will comprise Rs 7,500 crore worth of fresh issue and Rs 750 crore worth of share sale by Info Edge. ....
Reliance Retail 4th Indian Co to top $100-billion valuation For the quarter ended December 31, 2020, Reliance Retail posted an 88 per cent year-on-year jump in net profit at ₹1,830 crore on a turnover of ₹37,845 crore. Synopsis Unlisted shares of Reliance Retail are currently trading between ₹1,500 and ₹1,550 per share, more than trebling in value since January last year after the company tweaked mandatory share swap ratios and began stake sales to global private equity funds. MUMBAI: Reliance Retail, billionaire Mukesh Ambani’s retail unit that sells everything from fresh foods to high-definition television sets costing thousands of dollars, has become the fourth Indian company to be valued at more than $100 billion. ....
Reliance, Saudi Aramco discuss cash and share stake deal: Report SECTIONS Last Updated: Apr 28, 2021, 08:38 PM IST Share Synopsis Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world s largest oil exporter. Agencies Billionaire Mukesh Ambani s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Billionaire Mukesh Ambani s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. ....