Can a plucky skincare-products startup unfreeze India’s IPO market?
Honasa’s success might have to come with a compromise on valuation.
Initial public offerings from Indian startups have remained largely in the deep freeze for the past 12 months. A Sequoia Capital-backed beauty and personal-care-products startup is now hoping to break the curse. But success might have to come at the cost of a big compromise on valuation.
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