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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...

With the increased demand for beauty and wellness products among the people, UAE is now among the top spenders in cosmetics and personal care products across the globe. People these days are preferring natural skin care treatments, non-invasive beauty procedures and also with the growing influence of beauty and lifestyle bloggers has created a great impact on the growth of UAE's beauty sector. According to the reports, consumers in the UAE spent $247 per capita on cosmetics and personal care, more than any other country in the Middle East, and ninth worldwide; this is forecast to grow to $294 in 2020. It has been stated that the rise in UAE's cosmetics and skincare space is fuelled by the lifestyle that it is associated with. Also, the harsh climate of UAE is another factor that the ...

Tag: skin care

Mamaearth Raises $18 Million in Funding Led by Sequoia India

UAE is One of the Top Spenders of Beauty & Wellness Products