Top on the list of companies with PE backing is Mamaearth Parent
The Practus Hurun India PE Performers List looks at factors other than the eye-catching prices to evaluate these companies based on their cash flows, profitability, and revenues.
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The parent company of the consumer brand Mamaearth, Honasa Consumer, came in first place on a list of the best-performing companies supported by private equity investors in FY21. The Practus Hurun India PE Performers List looks at factors other than the eye-catching prices to evaluate these companies based on their cash flows, profitability, and revenues.
According to the report, Honasa, which is funded by Sofina Ventures and Sequoia Capital India, grew by 491 percent in terms of weighted average performance growth, and is followed by Encube Ethicals and Ecom Express (283 per cent growth). However, neither the direct correlations between valuations and performances nor information on cash burn at such businesses were included in the paper.
Based on the wagers they have managed, it hired the best investment experts. With cumulative investments of USD 125 million in businesses including Zetwerk, Five Star Business, and Honasa, Sequoia's Ravishankar G V comes out on top, followed by Norwest Venture Partners' Niren Shah. "The combination of capital and knowledge must be the driving force behind the next stage of value creation in India. One such trigger that could quicken value creation in the Indian economy is private equity funds and their managers, according to Hurun India's head researcher Anas Rahman Junaid. "The combination of capital and knowledge must be the driving force behind the next stage of value creation in India.
Deepak Narayanan, the CEO and creator of Practus, said it's crucial to consider a company's fate beyond funding rounds and valuations, noting that PE investments increased by 96% to reach USD 70 billion in 2021.
