Honasa Consumer operates consumer personal-care brands, with Mamaearth as its flagship skincare and personal-care label. The company is preparing for an IPO scheduled to commence on October 31, targeting USD 204.3 million in proceeds with shares priced in the USD 3.7–3.9 range. Ahead of the listing it raised approximately USD 92 million in an anchor round, with over three dozen asset managers acquiring shares through the anchor book. Participants in the anchor round included large institutional investors such as Abu Dhabi Investment Authority, Fidelity, Norges Bank, Invesco, Goldman Sachs and others; several Indian mutual funds also took part. Those anchor investors collectively subscribed to nearly half of the IPO target. Honasa counts notable backers including Peak XV Partners and Sofina.

Total raised

$92M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2023