Mamaearth

The firm's annual profit was Rs 14 crore the last year

Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions

Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode"

Honasa Consumer was valued at $1.2 bn in January, making it the first unicorn of 2022

Beauty and baby care product firm Mamaearth has apologised for supporting actor Richa Chadha in the controversy over her 'Galwan' tweet following social media backlash. Chadha has already apologised for her controversial tweet, which caused a severe backlash on Twitter, with netizens including celebrities, accusing her of mocking the sacrifice of the Indian armed forces. In a tweet, Mamaearth India said, "Mamaearth sincerely regrets hurting any sentiments due to a poorly drafted comment on Twitter. We are a proud Indian company who respects and stands by our armed forces. We do not subscribe to the views shared by any individual who thinks otherwise." Twitter users had called for boycott of the company's products after Mamaearth had waded into the controversy after the actor had tweeted "Galwan says hi" in response to the Northern Army Commander Lt General Upendra Dwivedi's statement that the Indian Army is "waiting for orders from the govt (sic)" in reclaiming Pakistan-occupied ...

Posts nearly 500% YoY increase, followed by integrated pharma firm Encude Ethicals, at 343%; Sequoia Capital is the top investor, Norwest Venture Partners and Tiger Global in second spot.

Business Standard brings you the top headlines this hour: India's presidential election to Agnipath scheme.

BBLUNT's strength lies in its extensive experience of styling Bollywood celebrities and transferring the salon experience into consumer products

On Saturday, Mamaearth became the first start-up to enter the unicorn club in 2022 with a $52 million fundraise