Private Equity

Liquidity Events

Stellaris sells Mamaearth shares worth Rs.140-Cr

Economic Times  

Stellaris Ventures Partners, an early-stage investor in publicly-listed D2C brand Mamaearth’s parent company Honasa Consumer, has sold a partial stake through bulk deals. The venture capital fund has offloaded 32.17 lakh shares or 1% stake in the company at INR 437 apiece. The stake sale fetched Stellaris INR 140.6 crore.Honasa Consumer operates six brands – Mamaearth, The Derma Co, Bblunt, Ayuga, Aqualogica and Dr Sheth. Mamaearth is the flagship brand, bringing in the highest revenue