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L’Oréal-Innovist deal: early investors cash in big, founders pocket 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 4,100 crore.

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L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

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L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

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