JSA, AZB help Honasa reach unicorn status


JSA advised Honasa Consumer, which operates as Mamaearth and The Derma Company, in its INR2.84 billion (USD37 million) series F equity fundraise led by an affiliate of Sequoia Capital.

AZB & Partners advised the affiliate, Sequoia Capital Growth Fund III – US/India Annex Fund, LP. The deal, through which Honasa Consumer achieved unicorn status, closed on 31 December 2021.

JSA’s team comprised partner Lalit Kumar, senior associate Amandeep Singh Virk and junior associate Zarish Ali.

AZB & Partners’ team comprised partner Sachin Mehta and senior associate Namrata Bhagwatula.