Mamaearth acquires skincare brand CosmoGenesis

Publicly listed Honasa Consumer, the parent company of brands like Mamaearth, The Derma Co, Aqualogica, and Dr Sheth's, is to acquire the assets of CosmoGenesis Labs, a cosmetic formulation and development company. The total consideration for the acquisition of assets is around INR 4 crore.This is the fourth acquisition by Honasa so far following skincare brand Dr Sheth's at a valuation of INR 28 crore, haircare brand BBlunt for INR 135 crore, and content platform Momspresso for an undisclosed amount.