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Mamaearth parent HCPL acquires majority stake in skincare brand Dr. Sheth's | Mint
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Mamaearth parent HCPL acquires majority stake in skincare brand Dr. Sheth's | Mint
24 October 2024
Honasa Consumer Pvt Ltd, which owns Mamaearth and The Derma Co, has now acquired a majority stake in skincare brand Dr. Sheth's, the company said Monday. The acquisition happened at the valuation of ₹28 crore. HCPL had joined the unicorn club last year after it raised USD 52 million (about ₹400 crore) in the latest funding round.
Honasa Consumer Pvt Ltd, which owns Mamaearth and The Derma Co, has now acquired a majority stake in skincare brand Dr. Sheth's, the company said Monday. The acquisition happened at the valuation of ₹28 crore. HCPL had joined the unicorn club last year after it raised USD 52 million (about ₹400 crore) in the latest funding round.
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