'Varun & I have built Honasa with love and governance.' Mamaearth IPO hits Dalal St, founder Ghazal Alagh quotes Robert Frost to describe entrepreneurial journey
Mamaearth — as its parent company Honasa Consumer made its debut on the stock exchange on Tuesday. For the high-profile founder couple Ghazal and Varun Alagh, it was a day wrapped in nervous energy and anticipation as the initial public offering (IPO) of Honasa — the listing is at a smaller size than initially planned — rolled out.
A Special Day!
Ghazal Alagh, who describes herself as Chief Mama & Co-founder Mamaearth, took to social media to thank her well-wishers and supporters for their encouragement.
Calling October 31 a special day, the 35-year-old shepreneur wrote that the morning heralded a «lot of excitement, nervousness, mixed feelings and emotions.» She also introspected on the past year, and wrote that «a lot has been said in this last 8 months about us as founders and our business. Let me be honest, it hurts. We do read all of your comments. You might not believe in us today, but one day you will, our business model will win you over,» in a reference to the delayed listing of Honasa. The company was initially slated to list on the exchange in the early part of 2023.
Emphasising on the brand values of Honasa, the Panjab University alumna said that the founder couple have «built Honasa Consumer Ltd. with a lot of love and governance.»
Miles To Go ...
And while the couple were thinking of ways to build a rich legacy, they are not just content to sit on their past laurels following the success of six consumer brands. Ghazal quoted Robert Frost's famous lines — “ The woods are lovely, dark and deep, But I have promises to keep, And miles to go before I sleep, And miles to go before I sleep” — as she signed off her post.
Her husband and partner Varun Alagh also described the «last 48 hours as full of amazing
