12 September 2024
Peak XV Partners (formerly Sequoia Capital India), Sofina Ventures and Stellaris Venture Partners sold a cumulative 7.94 per cent worth Rs 1,276 crore in Honasa Consumer, company that operates beauty products brand Mamaearth. Peak XV sold 3.81 per cent each, Sofina sold 1.86 per cent, Stellaris sold 1.4 per cent, and Sequoia Capital Global Growth Fund sold another 0.89 per cent. They sold a total of 26 million shares at Rs 495 apiece. Fireside Ventures picked up 2.03 per cent stake, ICICI Prudential Life Insurance Company bought 0.89 per cent stake and Morgan Stanley another 0.75 per cent. Shares of Honasa declined 5.5 per cent to end at Rs 493. At the end of June 2024 quarter, Peak XV held 18.69 per cent stake in Honasa, while Sofina, Stellaris and Sequoia Global 5.16 per cent, 4.75 per cent and 4.35 per cent respectively. Honsa had come out with a Rs 1,701-crore IPO in October 2023. Back then, it had sold shares at Rs 324 apiece.
Peak XV Partners (formerly Sequoia Capital India), Sofina Ventures and Stellaris Venture Partners sold a cumulative 7.94 per cent worth Rs 1,276 crore in Honasa Consumer, company that operates beauty products brand Mamaearth. Peak XV sold 3.81 per cent each, Sofina sold 1.86 per cent, Stellaris sold 1.4 per cent, and Sequoia Capital Global Growth Fund sold another 0.89 per cent. They sold a total of 26 million shares at Rs 495 apiece. Fireside Ventures picked up 2.03 per cent stake, ICICI Prudential Life Insurance Company bought 0.89 per cent stake and Morgan Stanley another 0.75 per cent. Shares of Honasa declined 5.5 per cent to end at Rs 493. At the end of June 2024 quarter, Peak XV held 18.69 per cent stake in Honasa, while Sofina, Stellaris and Sequoia Global 5.16 per cent, 4.75 per cent and 4.35 per cent respectively. Honsa had come out with a Rs 1,701-crore IPO in October 2023. Back then, it had sold shares at Rs 324 apiece.
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