Private Equity

Private Equity Fund Investments

Personal care products firm Mamaearth raises $27-M from Belgium's Sofina

Regulatory Filings  

Mamaearth, a Gurgaon-based portal for personal care products, has raised USD 27 million (INR 202.38 Cr) in its Series E round from Sofina. The company will allot 902 Class E CCPS at an issue price of INR 2,243,696. The issue will result in a 3.78% stake to the Belgium-based investor (on a fully diluted basis), valuing the company above USD 700 million. Existing investors such as Sequoia Capital India, Fireside Ventures and Stellaris Ventures will also invest in the round. From the Venture Intelligence PE-VC Deal Database: The latest round takes the total capital raised by Mamaearth to over USD 50 million from Sharrp Ventures, Fireside Ventures, Stellaris Venture Partners, Sequoia Capital India and now, Sofina. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence Private Company Financials Database: Mamaearth had reported an operational revenue of INR 109 Cr for FY20. (Subscribers to the database can login to view the detailed financials.)