MUMBAI: Mamaearth , the toxin-free personal care brand, has closed its latest $50 million round led by Sofina Ventures SA. Along with primary infusion by Sofina Ventures, a Belgian-based investment company, the round also saw participation from early investors like Fireside Ventures, Stellaris Venture Partners, Sharp Ventures and Titan Capital. “Mamaearth team is constantly pushing the boundaries in the personal care space through their disruptive innovations, rapid execution pace and focus on delighting customers. Varun and Ghazal are visionary, ambitious and world-class entrepreneurs and we are proud to back them as their long-term partners" said Yana Kachurina, investment manager, Sofina Ventures SA. Mamaearth products are available on its website, app and on major e-commerce platforms such as Amazon, Nykaa, Flipkart, and over 12,000 stores across the country.

Source: Mint July 26, 2021 08:48 UTC