Honasa Consumer strengthens portfolio by gaining the assets of CosmoGenesis
Honasa consumer, the parent organization of brands like Mamaearth, The Derma Co, Aqualogica, Dr Sheth’s — has procured the resources of CosmoGenesis Labs, an exceptional skincare startup.
The complete deal for the securing of resources is around 
4 crore, as indicated by the administrative documenting. This is the fourth obtaining by Honasa up until this point.
4 crore, as indicated by the administrative documenting. This is the fourth obtaining by Honasa up until this point.
Other than CosmoGenesis, it has made three acquisitions to date – specifically, skincare brand Dr Sheth’s at a valuation of 28 crore, haircare brand BBlunt for 135 crore, and content platform Momspresso for an undisclosed sum.
28 crore, haircare brand BBlunt for 135 crore, and content platform Momspresso for an undisclosed sum.
While Dr Sheth’s and BBlunt have demonstrated to be development drivers for Honasa since their acquisitions, the organization reassessed its costliest securing, Momspresso, in front of its IPO (Initial public offering) last year as the business neglected to convey the normal long haul esteem.
Established by Rohini Manoj in 2011, CosmoGenesis has up to this point worked with more than 5,000 cosmetic and personal care formulations for organizations in India utilizing its completely prepared, cutting edge lab.
Ghazal Alagh, chief innovation officer and co-founder, Honasa Consumer says, “This strategic alliance with CosmoGenesis will exponentially increase our ability to research new trends with greater efficiencies and help craft best-in-class products…This acquisition empowers us to tap into new sub-categories, leverage cutting-edge research and development, and ultimately, deliver exceptional value to our consumers”.
Rohini Manoj says “We have been working with Honasa Consumer for some time now and have worked on some incredible innovations. Our shared commitment to innovation and excellence, particularly in botanical ingredients and natural beauty care, ensures that we will continue to create ground-breaking products that our consumers can trust.”
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