Sofina offloads Rs 177 Cr Honasa stake as VC exits from listed D2C brands accelerate
Sofina Ventures sold 41.78 lakh shares (1.28%) of Mamaearth parent Honasa Consumer at Rs 424.07 via NSE bulk deal, trimming its stake from 3.29% to ~2%. The Rs 177 Cr exit comes despite Q4 FY26 revenue rising 23% YoY to Rs 657 Cr and profit of Rs 69.4 Cr, signaling a broader VC/PE retreat from listed Indian consumer startups.
Sofina Ventures sold a 1.28% stake in Mamaearth parent Honasa Consumer for Rs 177 Cr via NSE bulk deal, reducing its holding to ~2%, amid a broader wave of VC/PE exits from listed Indian consumer startups.