Mamaearth parent Honasa Consumer is acquiring amajority stake in Mumbai-based nutraceuticals brand Fluence Pharma at an enterprise value of Rs 135 crore, according to a stock exchange filing.
This marks the Gurugram-based company's second acquisition in less than a year and adds to the growing wave of consolidation in the beauty and personal care sector. In December, Honasa acquired 90% stake in Hyderabad-based Reginald Men at an enterprise value of Rs 195 crore. Earlier this month, L'Oréal announced the acquisition of Bare Anatomy parent Innovist at a valuation of Rs 4,100 crore.
