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Mamaearth / Honasa Consumer
Beauty · Toxin-free personal care, skincare, baby
PublicIndia
HQGurugram, India
Founded2016
FoundersGhazal Alagh, Varun Alagh
RegionIndia
Financials
FY24 Revenue₹1,920 Cr (FY24 consolidated)
FY25 Revenuenot disclosed
YoY growth+28.7% YoY
Profitabilityprofitable
Channels & Distribution
D2C · 59%Offline · 36%
D2C59%
Marketplace—
Offline36%
Stores100
Tech stack
Primary stackUnknown
Shopify share—
Mobile appYes
Analyst notes
Honasa IPO Nov 2023 (HONASA). FY24 ₹1,920 Cr; PAT ₹110 Cr (turnaround). Online 59% (18,600 pincodes); Offline 36% (154,000 retail).
Confidence: verifiedVerified 5 Jun 2026
Funding
Latest roundIPONov 2023
Round size—
Total raised—
ValuationPublic mkt cap
Investors
PublicSequoia (pre-IPO)SofinaStellarisFireside
More in Beauty
Nykaa
ProfitBeauty•Multi-brand beauty + private label + fashion
Mumbai 2012Public
FY25 Rev₹8.0K Cr
D2C—
Stores187
CustomHas appIndia
Forest Essentials
ProfitBeauty•Luxury Ayurveda
New Delhi 2000Acquired (Estée Lauder 100%)
FY25 Rev₹585 Cr
D2C—
Stores100
UnknownIndia
Minimalist (Be Minimalist)
LossBeauty•Science-led skin/hair care
Jaipur 2020Acquired (HUL 90.5%)
FY25 Rev₹515 Cr
D2C—
Stores—
UnknownIndia