Liquidity Events
Sofina Ventures sells Rs.177-Cr worth shares in personal care brand Mamaearth
Belgium-based investment firm Sofina has sold a 1.28% stake in Gurugram-based, publicly listed Honasa Consumer (which operates under the brand Mamaearth) through a bulk deal valued at about INR 177.2 crore. The transaction involved the sale of 41.78 lakh shares at INR 424.07 per share.Honasa is India’s largest digital-first beauty and personal care company. Operating as a "house of brands", it develops and retails products spanning skincare, haircare, body care, and cosmetics.
Sofina first invested in mamaearth in Jul 2021. The company went public in Oct-2023, as part of which, Sofina had made a part exit. It subsequently sold shares in Jun-24, and Sep-24.
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