Venture Capital: Honasa Consumer Raises Sequoia-Led $37M Series F

January 3, 2022 | News, Venture Capital
https://dailyalts.com/wp-content/uploads/2022/01/mamaearth-honasa-consumer.jpg

The round valued Honasa at over $1 billion, vaulting it into unicorn status.

Honasa Consumer has become the 45th startup to achieve unicorn status this year, when it raised a $37 million Series F round led by venture capital firm Sequoia Capital. The round also had participation by Belgium-based investment fund Sofina Ventures and the UAE-based India-focused fund Evolvence Capital. Honasa (from Honest/Natural/Safe) operates the brand Mamaearth. The brand is endorsed by celebrities from Bollywood. Its other brands include The Derma Co and House of Brands. (Forbes)

Founded by husband-and-wife team of Varun and Ghazal Alagh in 2016, Honasa previously raised $50 million in July. That round was led by Sequoia Capital and Belgium-based investment company Sofina Ventures. The company sells its products in over 1,000 cities in India.

Honasa will use the funds to expand its portfolio of personal care D2C (direct-to-consumer) brands, product innovation, distribution and marketing.

Honasa co-founder and Chief Investment Officer Ghazal Alagh said, “Since millennials’ personal care concerns are dynamic and with our direct-to-consumer approach, we’ve been able to build an extensive portfolio of products across the baby care, skincare, haircare and colour cosmetics under Mamaearth and a portfolio of over 40 products under The Derma Co.”

“Mamaearth has established itself as a clear market leader in this digital-first consumer goods space and Sequoia is delighted to double-down on the partnership in this journey,” said Sequoia India Managing Director Ishaan Mittal.

Related Story: Indian Fantasy Gaming Group Dream Sports Raises $840M

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/05/4134229_d181de50_1024x1024.jpg
Alternative Investments/Real Estate: The Principal Real Estate Active Opportunities ETF Starts Trading Today

Principal Global Investors has launched today its first semi-transparent ETF focusing on the non-traditional property sectors of the publicly traded U.S. real estate market: The Principal Real Estate Active Opportunities…

https://dailyalts.com/wp-content/uploads/2022/05/a16z-facebook.jpg
Venture Capital: Andreessen Horowitz (a16z) Launches $600M Venture Fund For The ‘Future Of Games’
May 19, 2022     Latest News, News, Venture Capital

Andreessen Horowitz (a.k.a. a16z) has launched a $600 million venture fund focused on the games industry and the next generation of games builders. “Long term, we believe games infrastructure and…

https://dailyalts.com/wp-content/uploads/2022/05/rst.jpg
FinTech: Block’s Square Acquires GoParrot For Its Restaurant Platform
May 19, 2022     FinTech, News, Takeovers and Buyouts

GoParrot is an all-in-one digital ordering and marketing platform for restaurants. In a Wednesday blog post, Square, which is part of global fintech Block, Inc. (NYSE: SQ), announced its acquisition…

https://dailyalts.com/wp-content/uploads/2022/05/Leps-on-salmon-tail-864x480-1.jpg
Artificial Intelligence: AI Helps More Accurately Count The Number Of Sea Lice On Salmon

Last week it was reported that a recent study that looked at the state of sea lice in the Pacific Ocean and found that the parasite is increasingly becoming resistant…