New Delhi, April 20, 2018: Bollywood actress and entrepreneur Shilpa Shetty Kundra has come on board as an equity investor in a Delhi-based mother and childcare brand Mamaearth. Mamaearth is a product of Honasa Consumer Pvt Ltd.
Mamaearth is a ‘MadeSafe’ certified brand offering toxin-free mother and childcare products. It aims to reduce parental stress, by providing natural and safe solutions. Founded by husband-wife duo Varun and Ghazal Alagh focuses on safe, toxin-free products.
The first round of funding was led by Kanwaljit Singh and a few other investors in 2016. The company raised $1 million in the second round of funding led by Fireside Ventures and other investors in 2017.
Mamaearth’s Co-Founder and Chief Dad, Varun Alagh, said, “We are very excited to have Shilpa on board as an investor. She is a seasoned entrepreneur, wellness ambassador, an experienced mother and most importantly, she understands the nuances of a business. Her investment in Mamaearth is a validation of our purpose and our capability to execute. With her personal involvement in Mamaearth, we expect to take our brand’s message of toxin-free parenting to a much larger audience.”
” We already have more than 100K happy consumers across 121 cities and we expect to reach 250K consumers by the end of this year,” added Varun.
With store presence in Delhi, Mumbai and, Bengaluru, Mamaearth plans to expand to 10 cities. Besides this, products are also available online on Amazon, Flipkart, Firstcry, Nykaa, and Mamaearth.in.
When asked about her investment in a babycare brand, Shilpa Shetty Kundra said, “I am really excited about my investment in Mamaearth. The brand is the future and so relevant for today’s India! Parents like me are always looking for the best in quality products for their children which are also “safe” and legit. I myself have been using the shampoo, oil and other products for my son Viaan-Raj for the last three months and totally love them.”
” The Mamaearth philosophy, especially the use of natural and non-toxic, chemical free products, resonates perfectly with my green ideology as this does impact our lives in the long run,” added she.
On Shilpa’s investment, VS Kannan Sitaram, Venture Partner at Fireside Ventures said, “Together, Shilpa Shetty Kundra and Mamaearth will create new opportunities for the business and help the brand strengthen its purpose and reduce parental stress for more parents.”