Sofina Ventures has sold its 1.28% stake in Honasa Consumer, the parent company of Mamaearth through a Rs 177 crore bulk deal on NSE on Thursday.

According to exchange data, the Belgium-based investment firm sold 41.78 lakh shares, representing a 1.28% stake in the company, at an average price of Rs 424.07 apiece, valued at Rs 177.2 crore

As per the company's March 2026 shareholding data, Sofina Ventures owned a 3.29% stake in Honasa Consumer. Following the sale of 1.28% shares through the bulk deal, its stake is estimated to have reduced to nearly 2%.

The deal comes at a time when several venture capital and private equity firms are monetising their investments in listed startups. Recent transactions include Actis’ Rs 371 crore bulk deal in Pine Labs, Alpha Wave’s stake sale in Delhivery, and partial exits by SoftBank and ADIA in Lenskart.

In Q4 FY26, Mamaearth reported strong 23% year-on-year growth in its revenue from operations to Rs 657 crore from Rs 534 crore in Q4 FY25, while posting a profit of Rs 69.4 crore during the quarter.

Earlier this week, the Gurugram-based company acquired a majority stake in Fluence Pharma, its second acquisition in six months after the purchase of Reginald Men, which marked its entry into the men’s grooming category.

Honasa’s shares closed at Rs 421.7 on the NSE on Thursday, valuing the company at a market capitalization of approximately Rs 13,595 crore ($1.51 billion).