🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Mamaearth Shares Jump 15% To Reach All-Time High, M-Cap Surpasses $2 Bn
Inc42
·
11m ago
Medial
Shares of Mamaearth, the Indian personal care brand, surged 15% during intraday trading on August 26, reaching an all-time high of INR 528.9 per share. This increase in stock price pushed the valuation of the company above $2 billion. The surge in buying interest was driven by the NCLT's order related to the amalgamation scheme between Honasa Consumer Limited, the parent company of Mamaearth, and its two subsidiaries.
View Source
Related News
Zomato Shares Hit Fresh All-Time High At INR 285.95 Amid Rally In Broader Markets
Inc42
·
11m ago
Medial
Shares of Zomato reached a new all-time high at INR 285.95 apiece, resulting in a 5% jump during intraday trading on the BSE. This surge in share prices aligned with the Sensex surpassing 83,000 points for the first time. Among the new-age tech stocks covered by Inc42, 15 out of 28 saw gains ranging from 0.51% to 7.61%, with Zaggle experiencing the highest increase.
View Source
Decoding The $28 Bn Beauty & Personal Care Market Opportunity
Inc42
·
11m ago
Medial
Mamaearth is a prime example of a brand that started small in the direct-to-consumer (D2C) beauty and personal care (BPC) space but grew to dominate the segment. With various innovative ingredients, formats, and application methods, the BPC segment remains interesting for investors like Fireside Ventures. The market has seen a shift towards new-age brands, with customers willing to explore and switch to newer options. Brands like Mamaearth are now considering offline retail expansion to reach more customers and be accessible across various platforms. Other notable players in the space include WoW Skin Science, SUGAR Cosmetics, and mCaffeine, all on the verge of becoming unicorns.
View Source
Peak XV, others divest stake worth Rs 1,600 Cr in MamaEarth’s parent
Entrackr
·
11m ago
Medial
Peak XV (formerly Sequoia Capital), along with Stellaris Ventures, Sofina Ventures, and Fireside Ventures, collectively sold shares worth Rs 1,600 crore ($190 million) in Honasa Consumer Limited, the parent company of the direct to consumer (D2C) skincare and beauty brand MamaEarth. The aforementioned investors sold 3.24 crore shares of MamaEarth at an average price of Rs 495.48 per share, according to the company’s bulk deal data accessed from the National Stock Exchange. Peak XV and its former entity Sequoia Capital Global Growth Fund III divested around Rs 753 crore ($90 million) worth of shares, while Sofina Ventures, Stellaris Ventures, and Fireside Ventures sold shares worth Rs 298 crore, Rs 225 crore, and Rs 326 crore, respectively, during the bulk deal. Importantly, ICICI Prudential Life and Morgan Stanley collectively purchased Rs 262 crore worth of shares in MamaEarth. According to Entrackr’s estimates, MamaEarth sold 10% of its shares in this single bulk deal. The firm’s total outstanding shares stood at 32.42 crore as of June 30, 2024. The sale of shares came at a time when the Gurugram-based firm reached its all-time high share price of Rs 547 on Tuesday this week. As per NSE data, MamaEarth’s overall market capitalization stood at Rs 16,046 crore ($1.91 billion) as of September 12. In the first quarter of the current fiscal year, the company reported a 17.6% quarter-on-quarter increase in revenue, reaching Rs 554 crore, up from Rs 471 crore in Q4 FY24. This marked the firm’s most profitable quarter, with Rs 40 crore in profit after tax (PAT). Peak XV’s recent exit portfolio includes companies like Blinkit, Zomato, Freshworks, Awfis, Ixigo, Go Fashion, MamaEarth, and others.
View Source
M&M shares surge on record SUV and tractor sales in October
Money Control
·
9m ago
Medial
Shares of Mahindra & Mahindra surged over 5% after the company reported a 25% YoY increase in SUV sales, reaching a record 54,504 units in October. The company's stock climbed nearly 3% to Rs 2,894, outperforming the Nifty 50. M&M's auto and tractor segments also achieved record monthly sales. Overall vehicle sales, including exports, totaled 96,648 units. The domestic tractor sales witnessed a jump from 49,336 units last year to 64,326 units. Following the positive update, Kotak Institutional Equities upgraded M&M to a 'Buy' rating.
View Source
Swiggy shares surge 11.35% to reach an all-time high
Inshorts
·
8m ago
Medial
Shares of Swiggy surged to 11.35% during the intraday trading session on (December 5) to reach an all-time high at ₹576.95 on the BSE. This marks the fresh 52-week high for the stock. The company market capitalisation stood at ₹1,26,472 crore by 11:30 pm and as many as 26.6 crore Swiggy shares traded hands by then.
View Source
Zomato Hits Fresh All-Time High At INR 298.05 Amid Broader Market Rally
Inc42
·
10m ago
Medial
Shares of foodtech major Zomato rose over 2% in early trading today, reaching a new all-time high of INR 298.05 on the BSE. This surge came alongside a broader market rally, with Sensex and Nifty 50 also reaching record intraday highs. Zomato's shares have gained nearly 140% year-to-date due to the company's improved profitability.
View Source
Ola Electric hits fresh all-time low at ₹50.81 on Tuesday
Inshorts
·
4m ago
Medial
Shares of Ola Electric fell for the third straight session on Tuesday, dipping as much as 5.5% to reach an all-time low at ₹50.81 on the BSE. The stock was trading at ₹51.41, down 4.4% from the previous close of ₹53.80. Ola Electric market capitalisation stood at ₹22,693.72 crore.
View Source
Jio Financial Services Listing Live: JFSL shares to list on exchanges today
Livemint
·
1y ago
Medial
Jio Financial Services Ltd (JFSL) shares are set to list on exchanges today. JFSL share price is expected to open above the market value of ₹262 levels, while the market cap of JFSL shares is expected to be around ₹1.75 lakh crore to ₹2 lakh crore, analysts said.
View Source
IPO-bound Mamaearth partners with Apollo Pharmacy to expand its offline presence
IndianStartupNews
·
1y ago
Medial
IPO-bound personal care brand Mamaearth has partnered with Apollo Pharmacy to expand its retail presence. Mamaearth's products were available in more than 5,000 Apollo Pharmacy stores as of August 2023. The partnership aims to further increase Mamaearth's retail reach. Apollo Pharmacy offers a wide range of products, including personal care items, vitamins, supplements, and baby care products, and operates a chain of medical stores across India. Mamaearth recently received SEBI approval for its IPO, which includes new equity shares and an offer for sale by existing shareholders and promoters.
View Source
15 Months After Splitting From Sequoia, Peak XV Realises Exits Worth $1.2 Bn
Inc42
·
10m ago
Medial
Venture capital firm Peak XV Ventures has reportedly sold stakes in around a dozen listed portfolio companies over the past year. Some of the companies in which they have divested their stakes include Zomato, Mamaearth, and Truecaller. Additionally, the firm has also sold stakes in startups like K12 Techno, Pocket Aces, and PingSafe through secondary transactions and mergers and acquisitions in the last 15 months. With assets amounting to $9 billion, Peak XV Ventures manages a portfolio that includes unicorns like CRED, Meesho, Groww, and Unacademy.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in