Sunday, 05 July 2026India Venture Review · Vol. I · 2026Live · ₹4,200 Cr tracked this quarter
Consumer · Gurugram
Mamaearth
Toxin-free personal care
Stage
Growth
Total funding
$165M
₹1.37K Cr
Founded
2016
HQ
Gurugram
The biography of a startup, told through capital
Funding Journey
From founding to today
10 rounds · $166M raised over 9.5 yrs
Founded 2016
Latest · 15 Jun 2026
First institutional cheque
$1M
Seed
Jan 2017
Start
Product-market fit
$1M
Series A
Jun 2018
$1M
Series B
Nov 2019
$1M
Series C
May 2020
$2M
Series D
Oct 2021
$5M
Series E
Apr 2022
$12M
Series F
Sept 2023
$26M
Series G
Mar 2024
$57M
Series H
Aug 2025
$60M
Growth
Jun 2026
Today
Capital growth
How Mamaearth scaled, in capital raised
Cumulative · USD
Funding Intelligence
Largest round
$60M
Growth · 2026
Most active lead
Elevation Capital
3 rounds led
Capital growth
$1M → $166M
Cumulative raised
First → latest
9.5 yrs
2017 → 2026
Avg. between rounds
13 mo
Pace of fundraising
Total rounds
10
Seed to today
Every cheque, on record
All Funding Rounds
Showing 8 of 10 roundsTotal raised · $166M
Why it matters
Startup Intelligence
- What they do
- Mamaearth is a Consumer company headquartered in Gurugram, focused on toxin-free personal care.
- Problem solved
- Tackling structural inefficiency in India's consumer value chain.
- Why investors care
- Strong Growth traction, India-first distribution, and capital efficiency.
- What to watch next
- Expansion of ARR, geographic reach beyond Gurugram, and upcoming round signals.
In the press
News & Articles
- The Economic Times12 Jun 2026Mamaearth eyes 2x ARR growth as it doubles down on consumer expansion
Founders outline the next 18-month roadmap and hiring plans across Gurugram and beyond.
- Inc4204 May 2026Inside Mamaearth's playbook: how it built a defensible moat in Indian consumer
A deep-dive into product strategy, GTM motion, and how investors evaluate the next milestone.
- YourStory21 Mar 2026Mamaearth hires senior leadership ahead of the next funding round
New CXO appointments signal scale-up ambitions and operational maturity.
- Moneycontrol08 Feb 2026Analyst view: why Mamaearth is one to watch in Consumer
Sector benchmarks, comparable multiples, and what could drive the next valuation step-up.