Peak XV gets 10X return as Mamaearth’s market cap hits $2 bn

Peak XV gets 10X return as Mamaearth’s market cap hits $2 bn

Peak XV, a venture capital firm that invested in Mamaearth in 2018, has made a 10X return on its investment as the company's market capitalization has reached $2 billion.

Mamaearth, a direct-to-consumer (D2C) personal care brand, has seen its market capitalization grow rapidly in recent years. The company was valued at $75 million in 2018 when Peak XV invested. In May 2022, Mamaearth raised $52 million in a Series F funding round led by Sequoia Capital India, valuing the company at $1.2 billion. The company’s market capitalization has since doubled to $2 billion, giving Peak XV a 10X return on its investment.

Peak XV’s investment in Mamaearth

Peak XV, a venture capital firm based in Mumbai, invested $10 million in Mamaearth in 2018. At the time, Mamaearth was a relatively small, early-stage company. The company had only been founded in 2016 and was generating less than $1 million in revenue.

Peak XV's investment helped Mamaearth to expand its product line, enter new markets, and hire new staff. The company has since grown rapidly and is now one of the leading D2C personal care brands in India.

Mamaearth’s growth and market capitalization

Mamaearth has seen strong growth in recent years as the demand for D2C personal care products has increased. The company has expanded its product line to include a wide range of products, including skincare, haircare, baby care, and men's care products.

Mamaearth has also entered new markets, including the Middle East and Southeast Asia. The company has also expanded its distribution channels, including online and offline channels.

As a result of its strong growth, Mamaearth's market capitalization has increased rapidly. The company was valued at $75 million in 2018 when Peak XV invested. In May 2022, Mamaearth raised $52 million in a Series F funding round led by Sequoia Capital India, valuing the company at $1.2 billion. The company’s market capitalization has since doubled to $2 billion.

Peak XV’s return on investment

Peak XV has made a 10X return on its investment in Mamaearth. The firm invested $10 million in the company in 2018, and Mamaearth’s market capitalization is now $2 billion.

Peak XV's return on investment is a testament to the strong growth of Mamaearth and the D2C personal care market in India. The firm's investment has also helped to create a valuable and successful company.