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Shark Tank India S2 is starting today, but hope you remember the valuation negotiations between the sharks and the entrepreneurs on Shark Tank.
Sharks always say," You don't deserve such a high valuation"
But when it comes to their own startup, look at their 'Doglapanti'
Mamaearth, as per their DRHP, seeks a value of USD 3 bn ( Rs 25,000 cr)
If you see the numbers, the contrast will be evident.
The valuation that they are asking is 17x their FY23 Revenues (H1-FY23 Revenues of Rs 722 cr *2) and 26x FY22 Revenues of Rs 943 cr
It's at a PE ratio of 3400x (considering H1-FY23 PAT of Rs 3.67 cr * 2) and 1700X considering FY22 PAT of 14.44 cr
This valuation is cosmic and is not justifiable
Another Paytm is in making, so avoid it!
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