Mamaearth was co-founded by Varun Alagh, Novel Books a former Hindustan Unilever executive, and his wife Ghazal. With the brand endorsed by popular Bollywood celebrities, the duo has cashed in on growing e-commerce adoption in India by offering its products on platforms such as Amazon and Walmart's Flipkart.

CEO Alagh told the Business Standard newspaper in January that 70% of Mamaearth's sales come from online platforms, but it was targetting a bigger offline presence and aiming to reach 40,000 retail outlets in 100 cities this year.



The election of a former guerrilla marks a radical change for a country still scarred by decades of conflict and highlights the depth of frustration with a right-leaning political establishment accused of overseeing a wide gap between rich and poor.

MUMBAI, June 21 (Reuters) - Sequoia Capital-backed Indian skincare startup Mamaearth is in talks to raise at least $300 million in a planned IPO next year and is seeking a valuation of around $3 billion, three people with direct knowledge of the company's plans told Reuters.

One equity research analyst, however, said the success of Mamaearth's IPO could hinge on how it plans to rapidly expand into offline sales.
Most Indians still go to retail outlets to shop, with e-commerce accounting for just 5-6% of spending. The number of online shoppers for beauty products is also projected to rise to 135 million from 25 million during that period, Novel Books it added.

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And with the talent at Amazon and the talent at MGM Studio, we can reimagine and develop that IP for Book Store the 21st century. It will be a lot of fun work and people who love stories will be the big beneficiaries.' 

'After one month of using this soap on my back and on the backs of my legs once a day my skin is the best it has ever looked,' a third reviewer shared.
They went on to write, 'It is worth every penny for the confidence it has given me after so many years of trying to improve the skin on my back.

The MGM acquisition would give the world's largest online retailer rights to James Bond, one of the most lucrative franchises in film history that's earned nearly $7billion at the box office globally, according to company.

SAO PAULO - The boat used by killed British journalist Dom Phillips and Brazilian indigenous expert Bruno Pereira to travel to Brazil's Amazon was found on Sunday evening, authorities said in a press statement.

'The acquisition thesis here is really very simple,' Founder Jeff Bezos, who no longer has an active role in the company, said in May. 'MGM has a vast, Classic Books deep catalogue of much beloved intellectual property.



Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that Chief Executive Jose Mauro Coelho had resigned on Monday morning and an interim CEO would now be appointed for the board's consideration.



SAO PAULO - The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year.

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During Amazon's first quarter results, the company said 175million Prime members streamed shows last year, and more than 200 million have access to it because they're signed up for its Prime membership, which gives them faster shipping and other perks.

BOGOTA - The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors.