Mamaearth Raises $18 Million in Funding Led by Sequoia India
New Delhi, Jan 8, 2020: Personal Skin & baby care brand Mamaearth has raised $18 million (Rs 130 crore) in funding led by Sequoia India.
The funding also saw participation from existing investors, Fireside Ventures, Stellaris Venture Partners and Sharp Ventures.
Founded in 2016 by husband-wife duo Varun and Ghazal Alagh, MamaEarth offers skin and hair care, and baby care products.
The company plans to use the freshly acquired funds over the next three years to continue its growth, building it into a $70 million brand by acquiring five million new consumers, a statement said.
The funds will also be used to launch more brands under the Honasa umbrella all of which will be internet-first and focused on the needs of millennial consumers, it added.
Honasa is the parent compan...