Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation

The founder of Dr Sheth's will continue to lead the business and product innovation

Honasa Consumer Pvt. Ltd. (HCPL), the parent company of Mamaearth and The  Derma Co., and the house of brands for personal care, has acquired Dr Sheth’s, a  premium skincare brand. Through this acquisition, HCPL has control of the majority stake in Dr. Sheth’s at a valuation of Rs 28 crore. The primary round of funds will be directed to accelerate the future growth of the brand.

While HCPL has control of the majority stake in Dr Sheth’s,  the firm’s founder Dr Aneesh Sheth will continue to lead the business and product innovation for the brand.

“We will utilize our expertise and proficiency