Curated By: Business Desk
Last Updated: October 25, 2023, 13:00 IST
The Honasa IPO was authorized by SEBI in August of this 12 months
The child care, skincare, and beauty product strains supplied by Ghazal and Varun’s firm Honasa have flooded the market at current.
MamaEarth is a nicely-recognized model in India right this moment. The mum or dad agency of MamaEarth, Honasa Consumer Private Limited, rose to unicorn standing in simply six years. The foundations of MamaEarth have been laid as a result of absence of toxin-free child merchandise in India. It all began when Ghazal Alagh, co-founding father of MamaEarth, failed to search out toxin-free child merchandise for her son in India and needed to get them organized from overseas. Ghazal, alongside along with her husband Varun, began her startup named Honasa Consumer Private Limited within the 12 months 2016 and launched merchandise out there underneath the model identify Mamaearth.
Today, Mamaarth is a nicely-recognized model. The child care, skincare, and beauty product strains supplied by Ghazal and Varun’s firm Honasa have flooded the market at current. Honasa additionally owns the manufacturers The Derma Co. and BeBlunt along with Mamaartha. The Honasa IPO was authorized by SEBI in August of this 12 months. Six days from now, on October 31, the IPO will start buying and selling. Till November 2, traders could make monetary commitments. The firm hopes to lift roughly Rs 1,700 crore from the market by way of this IPO.
Ghazal has a BCA diploma in Information Technology from Punjab University in 2010. She has additionally executed an intensive course on the New York University of Art. She labored as a company coach within the IT sector. Alagh’s husband Varun had additionally labored in corporations like Hindustan Unilever and Infosys. In 2016, when Alagh and Varun determined to begin Mamaarth, Varun was working as a Senior Brand Manager at Coca-Cola. Varun resigned from the job and joined Ghazal.
Honasa Consumer grew to become a unicorn within the 12 months 2022. The firm achieved this milestone by elevating Rs 5.2 crore underneath the management of Sequoia Capital. At this time, Honasa Consumer’s income could be very practically Rs 1000 crore. The firm has a analysis facility of its personal the place merchandise are developed and evaluated. Madesafe Agency of America conducts the checks, and the corporate has developed formulations underneath Madesafe requirements.
