Honasa Consumer, the parent company of Mamaearth, a beauty and personal care brand, has acquired Cosmogenesis Laboratories, a cosmetics research and development platform that focuses on natural and organic products.
“To further strengthen our R&D and our product development expertise, we are glad to announce the acquisition of Cosmogenesis Labs," said Alagh in a post-earnings call. “As part of the transaction, we will also be acquiring a bunch of the formulation expertise, R&D labs as well as a nano manufacturing facility.”
The acquisition would improve the company's ability to innovate and offer appropriate goods to its customers, resulting in faster growth and higher quality. Honasa had bought two brands a few years ago. In February 2022, it bought Mumbai-based BBlunt from Godrej Consumer Products Limited. Later same year, in May, it acquired Dr Sheth's, a dermatologist-formulated luxury skincare brand, for Rs 28 crore.
Source: The Economic Times
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