Honasa Consumer Pvt Ltd, the parent company of baby and mother care brand Mamaearth, has entered the unicorn club after raising $37.5 million in its Series F funding round led by venture capital firm Sequoia Capital.

Existing investor Sequoia Capital also participated in the round, while early investors Fireside Ventures, Stellaris Venture Partners, Sharp Ventures and Titan Capital sold some stakes in a secondary transaction, the company said. Mamaearth will use the fresh capital to double down on its brand’s growth through deeper offline expansion and also explore acquisitions in the beauty and personal care space, Alagh told ET.Founded by Alagh and his wife Ghazal Alagh in 2016, the company’s toxin-free products clocked total sales of around Rs 500 crore in the previous financial year. Sources said the company was last valued at $200-$300 million.

India’S Mamaearth Bags Unicorn Tag After Fresh Fundraise Led By Sequoia

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India’S Mamaearth Bags Unicorn Tag After Fresh Fundraise Led By Sequoia

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