Mamaearth parent company Honasa becomes 1st unicorn of 2022, raises $52 million
Zee News
Along with launching new brands, Honasa Consumer Pvt Ltd said that it will continue to aggressively expand distribution for existing brands -- Mamaearth and The Derma Co. -- and explore strategic inorganic growth opportunities in the beauty and personal care segment.
Gurugram: Digital-first consumer brands platform Honasa, that owns personal care brands like Mamaearth, on Saturday said it has raised $52 million led by Sequoia, becoming the first Indian unicorn of 2022.
Along with launching new brands, Honasa Consumer Pvt Ltd said that it will continue to aggressively expand distribution for existing brands -- Mamaearth and The Derma Co. -- and explore strategic inorganic growth opportunities in the beauty and personal care segment.
"Our flagship brand, Mamaearth has established itself as a leader in D2C personal care with a strong purpose of Goodness Inside. Looking at the scale of Mamaearth and the success of The Derma Co., we are confident that we have the expertise to build brands with a millennial connect," said Varun Alagh, Co-founder and CEO, Honasa.
