L'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, people familiar with the transaction told ET that the deal values the Gurugram-based startup at around Rs 4,000 crore. For the full story, visit the source.
BusinessDelhi
L'Oréal-Innovist deal delivers windfall for early backers; hands founders Rs 800-900 crore
L'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, people familiar with the transaction told ET that the deal values the Gurugram-based startup at around Rs 4,000 crore.
By Nikhil Patwardhan, Pranav Mukul· The Times of India· 4 months ago· 2 min read
This summary is sourced from The Times of India. Read the full article at:The Times of India