Peak XV, others divest stake worth Rs 1,600 Cr in MamaEarth's parent Honasa Consumer

Honasa Consumer Pvt. Ltd., the parent company of beauty and personal care brand MamaEarth, has seen its investors Peak XV and others divest their stake worth Rs 1,600 Cr.

The transaction values Honasa Consumer at approximately Rs 6,300 crore or $810 million.

Honasa Consumer Pvt. Ltd. is the parent company of baby and personal care brand MamaEarth and other emerging brands. MamaEarth was founded in 2016 to deliver natural, safe, and effective personal care and baby care products. Since then, it has gained popularity and expanded into various categories, including skincare, haircare, body care, makeup, and baby products.

Peak XV and other investors have decided to divest their stake to realize gains from their investment. Peak XV is a private equity fund that specializes in investing in high-growth companies. Peak XV initially invested in Honasa Consumer in 2019. The divestment from Peak XV and other investors will allow Honasa Consumer to pursue its ambitious growth plans.

The company intends to use the funds to strengthen its market position and introduce new products and categories. Honasa Consumer is also planning to expand its presence in India and international markets.

The transaction is subject to regulatory approvals and is expected to close in the coming weeks. Honasa Consumer is confident that this transaction will further strengthen its position as a leading player in the beauty and personal care industry.

The company's success can be attributed to its focus on innovation and its commitment to using natural ingredients. MamaEarth has a wide range of products that cater to various skin and hair concerns, and its products are free from harmful chemicals and toxins.

Honasa Consumer is also committed to sustainability and environmental protection. The company uses eco-friendly packaging and has taken steps to reduce its carbon footprint. Honasa Consumer's commitment to quality, innovation, and sustainability has made it a popular choice among consumers.

The divestment by Peak XV and other investors is a testament to the growth potential of Honasa Consumer. The company is poised for further growth in the future, and its commitment to quality and sustainability will continue to be its driving force.