Honasa Consumer raises $37.5 million to enter India’s unicorn club

By

Maverick Martins

Published
Dec 30, 2021

Honasa Consumer Pvt. Ltd (HCPL), parent company of Mamaearth, The Derma Co and the House of Brands, has raised around $37.5 million (Rs 280 crore) in its latest funding round led by Sequoia, making it the latest entrant into the country’s unicorn club.
 

Earlier this year, the company had raised $50 million in a funding round led by Sofina Ventures at a valuation of $730 million.
 
The companu has approved the allotment of 839 Series F preference shares at an issue price of Rs 33,85,049 to raise around $37.5 million, according to regulatory filings.

Honasa will utilise the fresh capital for expansion of its business, and to fund operations.
 
Founded by husband-wife duo Ghazal and Varun Alagh, the Gurugram-based start-up claims to have crossed an annual revenue run rate of $100 million in the financial year 2021.
 
The company had recently acquired a female-oriented content platform, Momspresso and currently in the process of acquiring new-age brands in a bid to expand its product offerings.