New Delhi: Honasa Consumer, owner of FMCG brands Mamaearth and The Derma Company, on Monday said it has acquired cosmetic formulation maker Cosmogenesis Labs for an undisclosed amount.
The acquisition will help the company, which was founded in November last year, take a significant leap in research-driven innovation, the company said.
It added that Cosmogenesis boasts of rich experience in natural and organic formulations as well as extensive expertise in various aspects of cosmetics.
Commenting on the development, Ghazal Alag, Honasa Consumer CIO and Co-Founder, said that this alliance with Cosmogenesis accelerates Honasa's ability to help research new trends and formulate best-in-class products with greater efficiency. Will increase from.
He added, “This helps set the foundation for transformational growth and innovation in profound ways. This acquisition will allow us to leverage cutting-edge research and development to enter new sub-categories and ultimately, deliver exceptional value to our consumers.” enables."
“Our shared commitment to innovation excellence, particularly in botanical ingredients and natural beauty care, ensures that we will continue to create groundbreaking products that your consumers can trust,” said Rohini Manoj, Founder of Cosmogenesis.
The acquisition will help the company, which was founded in November last year, take a significant leap in research-driven innovation, the company said.
It added that Cosmogenesis boasts of rich experience in natural and organic formulations as well as extensive expertise in various aspects of cosmetics.
Commenting on the development, Ghazal Alag, Honasa Consumer CIO and Co-Founder, said that this alliance with Cosmogenesis accelerates Honasa's ability to help research new trends and formulate best-in-class products with greater efficiency. Will increase from.
He added, “This helps set the foundation for transformational growth and innovation in profound ways. This acquisition will allow us to leverage cutting-edge research and development to enter new sub-categories and ultimately, deliver exceptional value to our consumers.” enables."
“Our shared commitment to innovation excellence, particularly in botanical ingredients and natural beauty care, ensures that we will continue to create groundbreaking products that your consumers can trust,” said Rohini Manoj, Founder of Cosmogenesis.
