Innovist deal: early investors cash in big, founders pocket Rs 800
Published on: June 18, 2026, 7:09 p.m. | Source: The Economic Times
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.
