Honasa Consumer (Mamaearth) ListedUnicorn
Honasa Consumer Limited is a Gurugram-headquartered, digital-first beauty and personal care company built around a multi-brand portfolio — led by flagship brand Mamaearth — spanning skincare, haircare, baby care and men's grooming. Founded in 2016 by Varun Alagh and Ghazal Alagh, it became India's beauty-sector unicorn in 2022 and listed on the NSE/BSE in November 2023.
Honasa Consumer (Mamaearth): Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 31 Oct 2023 | IPO | Rs 1,701.44 crore (~$226 million) | source | |
| 2 Jan 2022 | Growth round (Unicorn round) | $52 million | Sequoia Capital India Evolvence Sofina Ventures SA | source |
| 26 Jul 2021 | Growth round | $50 million | Sofina Ventures SA Fireside Ventures Sequoia Capital India Sharp Ventures Stellaris Venture Partners Titan Capital | source |
| 8 Jan 2020 | Series B | Rs 130 crore (~$18 million) | Sequoia Capital India Fireside Ventures Sharp Ventures Stellaris Venture Partners | source |
| 11 Sep 2018 | Series A | $4 million | Stellaris Venture Partners Fireside Ventures Kunal Bahl Rohit Bansal Sharp Ventures (Rishabh Mariwala) | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 16 Dec 2025 | Honasa Consumer (Mamaearth) | btm-ventures-owner-of-reginald-men | Rs 195 crore for 95% stake | source |
| 16 May 2022 | Honasa Consumer (Mamaearth) | dr-sheths-majority-stake | Undisclosed | source |
| 14 Feb 2022 | Honasa Consumer (Mamaearth) | bblunt-from-godrej-consumer-products-ltd-bhabani-blunt-hair-dressing-pvt-ltd | Rs 135 crore | source |
Recent Signals
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8 Jul 2026 · org-team
Honasa Consumer incorporates Honasa Health as a new wholly-owned subsidiary to build a B2C nutrition portfolio source -
22 May 2026 · financial
Honasa Consumer FY26 consolidated profit more than doubles to Rs 200 crore source -
16 Dec 2025 · ma-strategic
Honasa Consumer acquires 95% of BTM Ventures, owner of men's grooming brand Reginald Men, for Rs 195 crore source
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Start Free ValidationFAQs on Honasa Consumer (Mamaearth)
Who founded Honasa Consumer (Mamaearth)?
Honasa Consumer (Mamaearth) was founded by Varun Alagh, Ghazal Alagh in 2016.
How much funding has Honasa Consumer (Mamaearth) raised?
Honasa Consumer (Mamaearth) has raised $350 Mn across 5 tracked funding round(s), most recently on 2023-10-31. Figures are compiled from cited public sources.
Who are the investors in Honasa Consumer (Mamaearth)?
Investors in Honasa Consumer (Mamaearth) include Sequoia Capital India, Evolvence, Sofina Ventures SA, Fireside Ventures, Sharp Ventures, Stellaris Venture Partners, Titan Capital.
What does Honasa Consumer (Mamaearth) do?
Honasa Consumer Limited is a Gurugram-headquartered, digital-first beauty and personal care company built around a multi-brand portfolio — led by flagship brand Mamaearth — spanning skincare, haircare, baby care and men's grooming. Founded in 2016 by Varun Alagh and Ghazal Alagh, it became India's beauty-sector…
Where is Honasa Consumer (Mamaearth) headquartered?
Honasa Consumer (Mamaearth) is headquartered in Gurugram, Haryana, India.
What is Honasa Consumer (Mamaearth)'s business model?
Honasa Consumer (Mamaearth)'s core value proposition centers on Made Safe / toxin-free certified products, Cruelty-free and Plastic Positive, Science-backed, purpose-driven multi-brand portfolio.
How does Honasa Consumer (Mamaearth) make money?
Honasa Consumer (Mamaearth)'s cited revenue streams include Direct product sales (D2C + retail) across multi-brand portfolio, FY26 revenue from operations.