Personal care startup Mamaearth raises Rs 130 cr led by Sequoia

Mamaearth, a personal care startup, has raised Rs 130 crore in a funding round led by Sequoia India with participation from existing investors, Fireside Ventures, Stellaris Venture Partners and Sharp Ventures.

The company plans to use the funds over the next three years to continue its growth and build the firm into a Rs 500 crore brand by acquiring 5 million new consumers. The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd (Mamaearth’s parent company). All of these will be internet-first and focused on the needs of the new-age, millennial consumers. Apart from