Honasa Consumer Ltd. Company History and Annual Growth Details

The Company was incorporated as ‘Honasa Consumer Private Limited’ at New Delhi as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated September 16, 2016, issued by the RoC. Subsequently, the Company was converted to a public limited company and the name of the Company changed to ‘Honasa Consumer Limited’ pursuant to a Shareholder’s resolution dated October 26, 2022 and a fresh certificate of incorporation dated November 11, 2022 issued by the RoC.

Major events and milestones the Company :

2016
- The Company launched the flagship brand Mamaearth that focuses on developing toxin-free beauty products made with natural ingredients

2017
- Raised funding led by Fireside

2018
- Shilpa Shetty Kundra invested in the Company
- Raised funding led by Stellaris

2020
- Launched ‘The Derma Co.’ – the science-backed product powered with active ingredients
- Raised funding led by PXV VI
- Crossed annual revenue of Rs.1,000 million in Financial Year 2020

2021
- Raised funding led by Sofina
- Launched Aqualogica – the hydrating skincare brand designed for Indian skin types
- Launched the 1st EBO for Mamaearth
- Launched Ayuga – the ayurvedic product in easy-to-use, modern formats for Indian millennials
- Acquired Momspresso – a content platform providing meaningful and relevant content to women

2022
- Acquired BBlunt – professional hair care and styling products enabling salon like experience at home
- Acquired Dr. Sheth's – A bio-actives based skincare designed by three-generations of skin specialist
- Launched the ‘Mamaearth x Femina Beautiful Indians’ campaign to recognise and reward acts of goodness in society
- Mamaearth emerged as the fastest growing BPC brand in India to reach an annual revenue of Rs. 10,000 million (in the preceding 12 months) within six years of launch (Source: RedSeer Report)

2023
- Revenue from offline channels crossed Rs. 5,000 million in Financial Year 2023