Financial Express - Mamaearth parent company Honasa Consumer’s proposed Rs 2,900 crore IPO has raised valuation concerns among investors and market experts. Honasa has filed DRHP with SEBI for an IPO with a combination of a fresh issue of Rs 400 crore, and an offer-for-sale (OFS) of 46.8 million shares, reportedly totalling up to Rs 2,900 crore. The company was valued at $1.2 billion in January 2022 when it raised $52 million in a funding round led by Sequoia. One year later, Honasa is seeking a valuation of $3 billion through its IPO. The valuation target of Shark Tank India fame Ghazal Alagh’s Mamaearth is more than 1,000x its profits. Read more