Honasa Consumer Pvt Limited
| ISIN | 🆔 |
|---|---|
| Industry | Babycare and Personal Care |
| Founded 📆 | 2016 |
| Founder 👔 | Varun Alagh, Ghazal Alagh |
| Headquarters 🏙️ | , , India |
Area served 🗺️ | |
| Brands | Mamaearth |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Honasa Consumer Pvt Limited (HCPL) is an Indian digital-first consumer brands company. It is headquartered in Gurugram, India. It was founded in 2016 by Varun Alagh and Ghazal Alagh. As of May 2022, it is valued at $1.2 billion company.[1][2]
History[edit]
Honasa Consumer pvt limited was founded in 2016 by Varun Alagh and Ghazal Alagh in Gurugram. The company is headquartered in Gurugram, India. It launched Mamaearth in 2016, a babycare, skincare and wellness brand. It also owns various brands like The Derma Co, Ayuga, Aqualogica.[3]
In September 2017, the company raised a second round of funding of $1 million led by Fireside Ventures and other individual investors.[4]
In April 2018, Mamaearth raised $250,000 (about Rs 1.6 crore) from actor and entrepreneur Shilpa Shetty Kundra.[5]
In September 2018, the company raised $4 million in a series A round of funding. It was led by venture capital firm Stellaris Venture Partners. Snapdeal founders Kunal Bahl and Rohit Bansal; Marico's Rishabh Mariwala were also participated in the round.[6] In January 2020, the company raised Rs 130 crore in a series B funding round led by Sequoia India with participation from existing investors, Fireside Ventures, Stellaris Venture Partners and Sharp Ventures.[7]
In July 2021, the company raised $50 million in series C round led by Belgian investment fund Sofina Ventures SA. [8] In 2022, Honasa Consumer Pvt. Ltd. became the first unicorn of 2022 with $52 million funding.[9]
Acquisition[edit]
In December 2021, Honasa Consumer pvt limited acquired female-oriented content platform, Momspresso.[10]
In 2022 the company acquired skincare brand BBlunt and Dr Seth's.[11][12][13]
References[edit]
- ↑ "Indian skincare startup Mamaearth eyes $3 bln valuation in 2023 IPO: Report". The Indian Express. 22 June 2022.
- ↑ Soni, Yatti (4 January 2022). "70% of our business comes from online channels, says Varun Alagh, CEO of Honasa Consumer". Thehindubusinessline.com.
- ↑ "6 Successful Couplepreneurs Who Prove That Business And Love Can Go Hand-In-Hand". IndiaTimes. 23 February 2022.
- ↑ Dutta, Vishal. "Fireside Ventures invests $1 million in Mamaearth". The Economic Times.
- ↑ Srinivasan, Supraja. "Shilpa Shetty Kundra | Mamaearth: Shilpa Shetty Kundra invests $250,000 in mom and baby care startup Mamaearth". The Economic Times.
- ↑ "Stellaris leads $4 million funding in Mamaearth". The Hindu. 10 September 2018.
- ↑ India, Press Trust of (8 January 2020). "Mamaearth raises Rs 130 cr in funding led by Sequoia India". Business Standard India.
- ↑ "Mamaearth valued at $730 million as Sofina leads $50 million funding". The Economic Times.
- ↑ "Mamaearth becomes first unicorn of 2022 with $52 million funding". The New Indian Express.
- ↑ "D2C brand Mamaearth acquires content platform Mompresso". The Economic Times.
- ↑ "Mamaearth Dr Sheth's Deal | Mamaearth parent company acquires skincare brand Dr Sheth's". The Economic Times.
- ↑ "Mamaearth Parent Company Honasa Consumer Becomes First Unicorn Of 2022". NDTV.com.
- ↑ "Dye another day: Mamaearth buys BBlunt's products and salon business from Godrej". The Economic Times.
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