Mamaearth - the 45th unicorn🦄, HNY🎉
Mamaearth enters Unicorn Club, Wishing you a happy new year🎉
Start your day, the smart way!
Top tech news of the day, along with a daily dose of motivation, delivered to your inbox.
1 Mail | 2 Minutes | 3 Stories | Funding Deals
Let’s get started
Mamaearth enters Unicorn Club after Sequoia Capital’s $38 Mn funding🦄
Honasa Consumer Pvt Ltd, the parent company of personal care brand Mamaearth and The Derma Co, has raised a little over $37 million as part of its Series F funding round, making it the 45th unicorn, or a startup with over $1 billion valuation, in 2021 in India.
Post the new capital infusion, Mamaearth’s valuation has touched close to $1.07 Bn.
The funding comes almost five months after it announced raising of $50 Mn from Sofina Ventures in participation with Sequoia Capital at a $730 Mn valuation.
Honasa Consumer had added that the company would give some early employees an opportunity to monetise their vested ESOP. The company also announced an ESOP worth ₹20 crore for all employees recently.
Founded in 2016 by Ghazal and Varun Alagh, Mamaearth had initially started with selling baby care products but gradually moved on to become a complete personal care brand.
The company currently has a portfolio of around 140 products under Mamaearth, and over 40 products under The Derma Co. It had also said that it has a vision of becoming a 'house of brands’. The ‘house of brands’ strategy, also referred to as the so-called Thrasio model, is getting popular with new-age brands acquiring companies aggressively in a bid to expand their product offerings.
Rise & Shine OOO🎉
It's been a fantastic year. In 2021, India's startup ecosystem has grown exponentially and is busy celebrating this year's end, making no headlines. We have also decided to take a break and will return on Tuesday, January 4th.
We'd like to wish everyone a very happy and joyful new year🎊, and thank you for joining Rise & Shine and showing your support♥.
Tweet of the day🐥
🤔 Have you seen our Instagram reels?
"Always bear in mind that your own resolution to succeed is more important than any other."
Thanks for reading😊
Hit 💜, if you enjoyed the article.
You can forward this on WhatsApp by clicking here.