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Mamaearth’s Ghazal Alagh clarifies on IPO valuation concerns

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Mamaearth neither quoted nor subscribed to the valuation numbers which are doing the rounds on social media, co-founder of the company, Ghazal Alagh said on Wednesday, clearing the air on the firm’s valuation for its initial public offering (IPO).

Responding to social media users who expressed concern about the company’s valuation demand, Alagh stated, “In our DRHP, as is standard practise, there is no mention of valuation.” “We have not quoted or subscribe to the valuation numbers that are being mentioned in various posts on social media,” the personal care products startup’s co-founder wrote in a series of tweets. Alagh went on to say, “Valuation discovery is a process that will take place over time as we engage in deeper conversations with the investor community.”

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Mamaearth’s Ghazal Alagh clarifies on IPO valuation concerns

Mamaearth neither quoted nor subscribed to the valuation numbers which are doing the rounds on social media, co-founder of the company, Ghazal Alagh said on Wednesday, clearing the air on the firm’s valuation for its initial public offering (IPO).

Responding to social media users who expressed concern about the company’s valuation demand, Alagh stated, “In our DRHP, as is standard practise, there is no mention of valuation.” “We have not quoted or subscribe to the valuation numbers that are being mentioned in various posts on social media,” the personal care products startup’s co-founder wrote in a series of tweets. Alagh went on to say, “Valuation discovery is a process that will take place over time as we engage in deeper conversations with the investor community.”

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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