Mamaearth cofounder Ghazal Alagh denies IPO valuation rumours

Responding to social media rumours and news reports on the company’s valuation for its initial public offering (IPO), Mamaearth cofounder Ghazal Alagh said the firm has neither quoted nor subscribes to the valuation numbers doing the rounds.

“Valuation discovery is a process which will take place over time as we get into deeper conversations with the investor community,” Alagh wrote in a LinkedIn post.