27 May 2024
Honasa Consumer, the parent company of brands like Mamaearth, The Derma Co., Aqualogica, and Dr Sheth's, on Monday announced the acquisition of assets of CosmoGenesis Labs, a cosmetic formulation and development company. The total consideration for the acquisition of assets is around Rs 4 crore, according to the regulatory filing.
With this acquisition, Honasa said it has taken a “significant leap in research-driven innovation” and aims to offer an even wider range of innovative, safe, and science-backed skincare solutions to new-age and next-gen consumers.
Honasa Consumer, the parent company of brands like Mamaearth, The Derma Co., Aqualogica, and Dr Sheth's, on Monday announced the acquisition of assets of CosmoGenesis Labs, a cosmetic formulation and development company. The total consideration for the acquisition of assets is around Rs 4 crore, according to the regulatory filing.
With this acquisition, Honasa said it has taken a “significant leap in research-driven innovation” and aims to offer an even wider range of innovative, safe, and science-backed skincare solutions to new-age and next-gen consumers.
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