By siliconindia | Monday, 26 July 2021, 03:58 Hrs Mamaearth gets $50 million funding round led by Belgian investment fund Sofina. This fundraising has raised the company’s valuation to $730 million. One of the most valued new-age D2C brands in the country. 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. In a secondary share sale, the money does not flow into the company directly but goes to investors selling their stakes. “The plan is to double the sales by 100 percent this year. Because of Covid-19’s second wave, offline expansion was halted, but now we plan to deepen our offline presence,” states Alagh, Founder, Mamaearth.
Mamaearth parent company Honasa raises $50 million in funding round led by Sofina Ventures
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Led by Sofina Ventures, Mamaearth raises $50 million - The Hindu BusinessLine
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Honasa secures USD 50 mn in funding led by Sofina Ventures SA
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