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Funding

Honasa Consumer raises $52 million, becomes unicorn

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Honasa Consumer logo
Date
Company
Honasa Consumer
What it does
Mamaearth parent turns unicorn
Kind
Funding
Amount
$52 M
Stage
Growth round
Based in
Gurugram

What they do

Sequoia Capital led the $52 million round, with Belgian fund Sofina Ventures and UAE-based Evolvence joining in

What happened

The deal made it India's first unicorn (company valued above $1 billion) of 2022

Why it matters

Money is meant for new direct-to-consumer brands, wider distribution, marketing, product work and possible acquisitions

The details

  • Sequoia Capital led a $52 million round in January 2022.
  • Sofina Ventures and Evolvence also invested.
  • The round lifted the company past a $1 billion valuation.
  • Funds back new brands like Aqualogica, distribution, marketing and acquisitions.

Investors

Read it as a card in the app

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