VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh
NASA Space Technology NASA Space Technology According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold a 3.81% stake in Honasa Consumer and Fireside Ventures offloaded a 2.03% stake in the company.By CNBCTV18September 16, 2024, 12:05:00 AM IST (Published)Varun Alagh, the founder of Honasa Consumer, told CNBC-TV18 in an exclusive chat that all their investors are very happy with the returns they have generated after shares worth ₹1,763 crore changed hands in the block deal on Thursday. “After you go public, it’s great because you have unlocked value for your investors,” added Alagh.Mamaearth’s early backers including Peak XV Partners, Fireside Ventures, Sofina and Stellaris Venture Partners have sold a 10% stake in the D2C company’s parent Honasa Consumer on September 12.“The most amazing thing in this block deal...