Mamaearth raises $52 million in latest round of funding

Honasa Consumer, the owner of the Mamaearth brand, has raised $52 million in a latest round of funding led by Sequoia Global at a valuation of $1.15 billion, making it the latest firm to join the unicorn club.

The round also saw participation from some existing investors like Belgian investment firm Sofina Ventures SA and some new funds such as UAE based Evolvence, said Varun Alagh, co-founder and CEO, Honasa Consumer.

Some early investors like Firseide Ventures and Stellaris also got partial exist in this round. There was also a share buyback from some of its employees.


"Seqouia Global, Sofina and Evolvence have unique strengths in US, Europe & GCC respectively which will help us grow internationally & learn from others in these markets," said Alagh. Some of its existing investors include Sequoia Capital, Fireside Ventures, Stellaris Venture Partners, Sharp Ventures and Titan Capital.