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EXCLUSIVE-Indian skincare startup Mamaearth eyes $3 bln valuation... > 자유게시판

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EXCLUSIVE-Indian skincare startup Mamaearth eyes $3 bln valuation...

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작성자 Katherine 작성일 22-07-09 05:04 조회 34 댓글 0

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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.

Overall, the Frames' audio is middling, and if you're looking to use these as headphone replacements, it's best to look elsewhere. Amazon touts the Echo Frames as having "open-ear technology," which is marketing speak for having little downward-facing speakers next to your ears, as opposed to buds inside them. 

Formulated specifically for use on the body, it's blended with the brand's patented MVE technology, which keeps skin hydrated for up to 24 hours and uses a mixture of effective exfoliating acids to smooth and soften rough, bumpy skin.

Now on sale with a saving of 44 per cent, the voice-controlled smart speaker with Alexa can be added to any room in your home, and with a simple command, you can ask for music, Classic Books news, Classic Book weather updates and more.

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With a saving of £130, this Shark upright vacuum cleaner performs flawlessly across both carpets and Classic Book hard floors and is even equipped with anti-hair wrap technology, making it a top choice for pet owners as it leaves the bristle brush-roll tangle-free.

The number of online shoppers for beauty products is also projected to rise to 135 million from 25 million during that period, it added. 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.

But while the frames look relatively nice, for $180 (or the $250 regular price after the invitation window has closed), Amazon needs to put more focus on the build quality. The plastic feels cheap and fragile. I could never get the glasses completely closed because the arms were so bulky, and it ended up looking awkward and unbalanced.

The glasses themselves feel like the cheapest thing in the package. The irony is that all the other pieces included in the box give off the impression of a premium product, including the leather glasses case and braided charging cable.



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. Mamaearth was co-founded by Varun Alagh, a former Hindustan Unilever executive, and his wife Ghazal.

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.

To mute Alexa, double-click the power button under the right arm. At first, I found the blue light distracting but I got used to it over time. A little red light will flash and Alexa will tell you it's muted, while a little charging light under the right arm will also turn red, not that you can see it while wearing the Echo Frames.  It also made for a few awkward encounters when my eyes were looking towards the Frames itself. To others around me, it looked like I was just cross-eyed.





Alexa didn't even handle the turn-by-turn navigation. At that point, it was no different than just grabbing my phone. I also couldn't change the default mapping option to Google Maps on iOS. For some tasks, like when I asked for directions, Alexa directed me to the Alexa app on my phone, which opened Apple Maps. Instead, it defaults to the Maps app, which gave voice directions over Bluetooth the same way it would with any headphones.

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The open-ear approach also makes for challenging listening when walking a busy New York street.  The Frames have four speakers (two in each arm), but when I played music, it often sounded hollow and tinny, with songs sounding like they were being clipped at higher volumes.

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The plastic arms -- which house components including the speakers, microphones, battery and magnetic charging connector -- were light and comfortable, even after wearing them for hours on end.  Echo Frames look nice, but feel cheap With thick black lenses à la Tina Belcher, Classic Book the Echo Frames aren't going to be for everyone. But they do have a modern, polished look.

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