Mamaearth’s parent company files IPO paperwork in order to sell fresh shares for $400 million

Mamaearth’s parent company, Honasa Consumer Ltd, has submitted its draft red herring prospectus for an initial public offering to the Securities and Exchange Board of India IPO.

When it raised money earlier this year, the company, which also operates the brands The Derma Co. and BBlunt in addition to Mamaearth, was valued at $1.2 billion.