New Delhi: Honasa Consumer, the owner of the Mamaearth brand has raised $52 million in a latest round of funding led by Sequoia Global at a valuation of $1.15 billion, making it the latest to join the unicorn club.

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.

Mamaearth Parent Raises $52 Million In Funding Led By Sequoia Global

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Mamaearth Parent Raises $52 Million In Funding Led By Sequoia Global

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