Jefferies maintained a buy rating on Honasa Consumer with a target price of Rs 530. “Honasa is still evolving in its offline journey and will make mistakes in the online. Given the online mix, pushing inventory may not yield much, based on our calculation,” said the note.
Eye on IPO shores, companies set sail for Cayman
The Cayman Islands are emerging as a preferred destination for Indian software startups chasing global markets, offering greater flexibility in raising capital, whether from India