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Stellaris secures 300 million dollars for third fund investment strategy
Stellaris, an investor in Mamaearth, has successfully raised $300 million for its third fund. The capital will be allocated to various strategic investments, enhancing the firm's portfolio and supporting growth initiatives.
mamaearth faces growth challenges as company reports first quarterly loss
Honasa Consumer, the parent company of Mamaearth, is facing significant challenges, reporting its first quarterly loss in five quarters with a Rs 19 crore deficit. The company’s revenue also declined by 7% year-on-year, attributed to a shift in its offline business model and slower-than-expected growth for Mamaearth, which accounts for 65% of its revenue. To address these issues, the company has engaged Bain & Company to help revitalize growth by reworking its distribution and supply chain strategies.
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