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Honasa Consumer Limited (HCL) is a brand house consisting of Mamaearth, The Derma Co., Aqualogica, Ayuga, with stakes in BBLUNT and Momspresso. It was founded in 2016 by husband and wife duo Varun Arag and Ghazal Arag.
“The fact that this company was founded by two middle-class individuals, Varun and I. We started this journey seven years ago with our first brand MamaEarth. We are just building a baby care company. But by understanding Indian consumers and cultural nuances and creating solutions for them, we got a lot of love. There were many brands out there, but we were creating for India, and that's Honasa Consumer. All this while preserving the nuances of their skin, climate, and culture's mind.' Ghazal Arag, Co-founder of Honasa Consumer.
milestone
2023
Honasa Consumer debuted on Dalal Street on November 7, 2023. The Honasa Consumer IPO was conducted from October 31 to November 2 and was sold at a price range of INR 308-324 per deal. The IPO raised a total of 1.71 billion rupees, including 365 million rupees of fresh issue.
2022
The Delhi-based company became the first company to join the unicorn club this year after completing a $52 million funding round led by Sequoia Global.
2021
The number of Instagram followers has exceeded 1 million. Ghazal Arag was one of the judges on Shark Tank India, an Indian business reality television series based on the highly successful American show. The show, which airs on Sony Entertainment Television, is the Indian franchise of the American show Shark Tank.
2020
With the Plant Goodness Initiative, we are taking a step towards making our environment greener.
2019
I peeled the onion.
2018
Partnered with Shilpa Shetty Kundra as investor and brand ambassador.
2017
We have expanded our personal care efforts.
2016
When Ghazal and Varun Arag couldn't find a product that was safe for their baby, they decided to make it themselves. Combining Varun's FMCG experience and his Ghazal's entrepreneurial spirit, they founded his Mamaearth.
