Honasa buys majority stake in Fluence Pharma, betting on health-beauty convergence

Mamaearth parent Honasa Consumer has acquired a majority stake in Fluence Pharma, pushing into nutraceuticals and prescription-led segments. The deal signals Indian BPC brands' pivot toward health-beauty convergence to build consumer trust and unlock new growth avenues.

— Filed Mon, 29 Jun, 2026, 13:10 IST · Source Mint · Companies · Updated

Honasa Consumer (Mamaearth parent) acquired a majority stake in Fluence Pharma, entering nutraceuticals and signaling Indian BPC brands' pivot toward health-beauty convergence and prescription-led segments to build consumer trust and unlock growth.

Why this matters

The Fluence Pharma deal follows Honasa's Q4 profit nearly tripling on 40%+ growth from younger brands, even as VC backer Sofina trimmed its Rs 177 Cr stake. Health-beauty convergence marks Honasa's next growth bet.

Retail-company signals held steady at 4,007 over the past 90 days.

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