Entreprenuernewsnetwork

Momspresso, Owned by Mamaearth, Announces Layoffs, Impacting 80-100 Employees

Mamaearth, a popular direct-to-consumer brand, has made the decision to lay off employees within its parenting content platform called Momspresso. The layoffs will impact around 80-100 employees. According to The Hindu Business Line, Mamaearth acquired a majority stake in Momspresso for ₹152.3 crore in 2021. Momspresso operates different segments, including a user-generated content platform, brand … Read more

Mamaearth Enters Unicorn Club, Raises $ 52M Led By Sequoia At 1.2B Valuation

Honasa Consumer Pvt. Ltd. (HCPL), the parent company of Mamaearth, The Derma Co., and the fastest growing personal care House of Brands, has closed a USD 52 million round led by Sequoia Capital, solidifying the business’s leadership in the D2C personal care space. Sofina Ventures SA, a Belgian investment firm, and Evolvence, a UAE-based India-focused … Read more