Mamaearth acquires Women-centric Platform, Momspresso

Honasa Consumer, the parent company of the D2C brand, Mamaearth has announced the acquisition of woman-focused content platform, Momspresso along with its associated platform Momspresso MyMoney. The amount for the acquisition is not disclosed by any of the companies. 

Momspresso will continue its functioning independently with its founding team. CEO Vishal Gupta, CTO Asif Mohamed, and COO Prashant Sinha will lead the operations of the business. The capital received through this acquisition will be used for enhancing the team, building data-science capability, and technology improvement to drive scale and efficiencies.

The CEO and founder of HCPL (Honasa Consumer Private Limited), Varun Alagh has said that the company has seen exponential growth with our constant connection with the community and consumers. He also said that this partnership with Momspresso will help in scaling up their creator network even more.