In order to clear up any confusion regarding the company’s value for its initial public offering (IPO) , Mamaearth co-founder Ghazal Alagh stated on Wednesday that the company neither quoted nor subscribed to the valuation figures that are circulating on social media.
Alagh responded to people on social media who were worried about the company’s valuation request by saying, “In our DRHP, as is common practise, there is no mention of valuation.” The co-founder of the personal care products startup tweeted, “We have not quoted or subscribe to the valuation amounts that are being mentioned in various posts on social media. “Valuation discovery is a process that will take place over time as we engage in deeper interactions with the investor community,” Alagh continued.
