EdelGive Hurun India Philanthropy List 2023, Comviva's second stint, Puneet Dalmia's transformation of Dalmia Bharat are some of the stories that piqued the interest of our readers this week
1) Justifying the valuationThe valuation debate that the startup world has been grappling with for some time has raised its decibels once again, and this time, the topic of concern is the upcoming Mamaearth IPO. Honasa Consumer, the parent company of the beauty brand, in its draft red herring prospectus, had projected the company valuation at $3 billion. Now, en route to IPO, the company has stripped its valuations and is now pegging it roughly at $1.2 billion (similar to its January 2022 valuation at the time of the last fundraising). Turns out, the move has not gone down well with the experts who are not convinced by the devaluation. The digital-first BPC brand wants a price band of Rs308-Rs324 a share, but will the new valuation bring them fresh investors? Read more