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Sequoia Cuts Honasa Stake to 2.68 Percent as Peak XV Also Trims Holding
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Storyboard•05-10-2026, 18:59
Sequoia Cuts Honasa Stake to 2.68 Percent as Peak XV Also Trims Holding
- •Sequoia Capital Global Growth Fund III sold 25,02,289 equity shares, reducing its stake in Mamaearth parent Honasa Consumer to 2.68%.
- •Peak XV Partners Investments VI also reduced its holding from 14.80% to 11.50% in an open-market transaction on September 30, 2026.
- •The secondary-market share sales were executed at approximately ₹450 per share and did not involve any fresh issuance or buyback.
- •Honasa reported strong financial performance with FY26 consolidated revenue rising to ₹2,391.94 crore and net profit surging to ₹200.19 crore.
- •Mamaearth recently expanded its advertising footprint by becoming one of the early Indian advertisers on ChatGPT.
Key Questions Answered
Sequoia reduced its holding in Honasa Consumer to 2.68% by selling over 2.5 million equity shares through an open-market transaction on September 30, 2026, leaving the fund with 87,26,204 shares.
Peak XV Partners Investments VI reduced its holding from 14.80% to 11.50% of Honasa's voting capital by selling 1,07,55,495 shares in a secondary-market transaction on September 30, 2026.
Honasa reported a consolidated revenue from operations of ₹2,391.94 crore in FY26, up 15.72% from ₹2,066.95 crore in FY25, while consolidated net profit rose to ₹200.19 crore from ₹72.69 crore a year earlier.
