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Mamaearth in talks with Fidelity, GIC, QIA, SoftBank for $150 million pre-IPO round

Money Control

Money Control · 1y ago

Mamaearth in talks with Fidelity, GIC, QIA, SoftBank for $150 million pre-IPO round

Even though founders Varun and Ghazal Alagh are confident of delivering an exit to investors through their upcoming public listing, a few early investors want to offload shares before the IPO, according to a source.

Related News

Carlyle-backed Varmora eyes funding; Axis Cap appoints new ECM head

VCCircle

VCCircle · 1y ago

Carlyle-backed Varmora eyes funding; Axis Cap appoints new ECM head

Sanitaryware manufacturer Varmora Granito, backed by Carlyle Group, aims to raise $100-150 million in a pre-IPO funding round, valuing the company at around $600 million. The fundraising will involve primary and secondary investments from private equity investors, with significant interest from GIC and other funds. Meanwhile, Axis Capital has appointed a new Head of Equity Capital Markets (ECM) to strengthen and expand its ECM business.

Singapore's GIC gets CCI approval to buy stake in IPO-bound Groww - The Economic Times

Economic Times

Economic Times · 1d ago

Singapore's GIC gets CCI approval to buy stake in IPO-bound Groww - The Economic Times

Viggo Investment, a subsidiary of Singapore's GIC, received Competition Commission of India (CCI) approval to acquire a 2.14% stake in Billionbrains Garage Ventures, owner of Groww. This investment is part of a larger funding round of $250-300 million, with GIC expected to contribute $150 million. Groww recently concluded a $250 million funding round led by GIC, at a valuation of $6.5 billion. The company plans to file for an IPO estimated between $700 million and $1 billion.

Fintech Unicorn Groww Set to File Confidential IPO Papers With Sebi

OutlookIndia

OutlookIndia · 1m ago

Fintech Unicorn Groww Set to File Confidential IPO Papers With Sebi

Groww, a Bengaluru-based investment tech start-up, is set to file confidential IPO papers with SEBI, targeting a $7-8 billion valuation. The company is closing a $150 million pre-IPO funding round led by Singapore’s GIC. Groww, originally a mutual fund platform, now offers stock trading and other financial products, and plans to expand into wealth management. It may also acquire PayU-backed Fisdom, indicating further expansion into wealth management.

Carlyle-backed Varmora eyes a pre-IPO fundraising round of up to $150 mn

Livemint

Livemint · 1y ago

Carlyle-backed Varmora eyes a pre-IPO fundraising round of up to $150 mn

Varmora Granito, a sanitaryware maker backed by Carlyle Group, is looking to raise $100-150 million in a pre-public listing round. The fundraising, which includes primary and secondary investments, is expected to value the company at nearly $600 million. Carlyle is likely to sell some of its stake in the round and partially during the IPO. The company, based in Morbi, Gujarat, has received interest from investors including GIC and 360 One. Varmora Granito aims to list on Indian bourses within the next 18-24 months.

Personal care brand Mamaearth gets set for renewed overseas push

Economic Times

Economic Times · 1y ago

IPO-bound company Honasa Consumer Ltd is planning to expand its flagship brand Mamaearth into international markets. The company has assigned priority geographies such as Bangladesh, Malaysia, Vietnam, and Thailand for deeper expansion. Mamaearth is already present in markets like UAE, Singapore, Nepal, Malaysia, Maldives, and Mauritius. Honasa Consumer is seeking pre-IPO funding of $120-150 million. The company aims to opportunistically expand in markets like UAE, Nepal, and Bangladesh. The company operates through distributors and channel partners and identifies priority markets based on demand projections.

Groww files draft papers for IPO, eyes $700 million to $1 billion listing

Economic Times

Economic Times · 1m ago

Groww files draft papers for IPO, eyes $700 million to $1 billion listing

Online investment platform Groww has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India for an estimated $700 million to $1 billion initial public offering. Ahead of the listing, Singapore’s GIC plans to acquire a 2.14% stake in Groww as part of a $250 million to $300 million pre-IPO round, potentially valuing Groww at around $7 billion. Groww reported an operating revenue of Rs 3,145 crore for FY24.

Grapevine: GIC taps market to offload stake in green player; PhysicsWallah hires i-banks for IPO

VCCircle

VCCircle · 8m ago

Grapevine: GIC taps market to offload stake in green player; PhysicsWallah hires i-banks for IPO

- GIC considers selling 50% stake in Indian renewables company Greenko Energy Holdings - GIC has initiated discussions with financial advisers for potential sale - PhysicsWallah, co-founded by Prateek Maheshwari, hires investment banks for IPO - Singapore's sovereign wealth fund explores options for reducing stake in Greenko Energy Holdings - PhysicsWallah, an Indian edtech startup, takes steps towards going public with IPO plans - GIC in talks with advisors for potential full or partial sale of stake in Greenko Energy Holdings

SoftBank back at deal counter with Icertis deal talks

Economic Times

Economic Times · 1y ago

SoftBank back at deal counter with Icertis deal talks

SoftBank, the renowned technology investor, is reportedly considering new deals in India after focusing on exits last year. The Tokyo-based firm is in early talks to increase its investment in software firm Icertis, which is seeking $150 million in a new funding round. Other existing investors may also participate. Additionally, SoftBank's Vision Fund is looking to invest in e-commerce firm Meesho as part of a broader funding round. SoftBank is actively reviewing potential investments after a period of inactivity. The valuation and pricing of the deals are still under discussion.

Grapevine: PhysicsWallah eye fresh funding; Zepto in talks with banks for IPO

VCCircle

VCCircle · 9m ago

Grapevine: PhysicsWallah eye fresh funding; Zepto in talks with banks for IPO

PhysicsWallah, an edtech firm, is reportedly in the final stages of securing a $150 million funding round led by Hornbill Orchid, an Asian hedge fund. This funding round will value PhysicsWallah at $2.8 billion. Lightspeed, a venture capital firm, will also be participating in the funding. In another news, Zepto, a fintech company, is reportedly in talks with banks for its upcoming initial public offering (IPO).

Hyundai, Swiggy, NTPC Green-India's biggest IPOs of 2024

Money Control

Money Control · 8m ago

Hyundai, Swiggy, NTPC Green-India's biggest IPOs of 2024

1. Hyundai Motor India's $3 billion IPO opens for subscription next week with the aim of achieving a valuation of around $19 billion. 2. Swiggy, backed by SoftBank, is planning an IPO worth $1.25 billion. 3. NTPC's green energy arm has filed for a $1.2 billion IPO. 4. Bajaj Housing Finance's shares have more than doubled after a successful $782 million IPO. 5. Ola Electric's $734 million IPO in August garnered interest from investors like Fidelity and Nomura. 6. Schloss Bangalore, backed by Brookfield, has filed for a $599 million IPO. 7. Bharti Hexacom's $511 million IPO in April received bids exceeding $8 billion. 8. Aadhar Housing Finance raised $358 million through its IPO in May.

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