Mamaearth to raise around $300 million in a planned IPO in the next 12-15 months. It is seeking a valuation of around $3 billion. The Sequoia Capital-backed Indian skincare startup was last valued at $1.2 billion in January 2022. It plans to file draft regulatory papers by the end of 2022. The firm is reportedly in talks with JP Morgan Chase, India’s JM Financial and Kotak Mahindra Capital to appoint them as bookrunners to the deal.
