The Net Worth of Mamaearth Co-Founders Crosses 250 Crores

Net Worth of Mamaearth Co-Founders: Mamaearth, one of the leading skincare and babycare brands in India, started its journey in 2016 and has now become the first Asian brand to earn the Made Safe certification. Beginning with just six baby skincare products, Mamaearth has established itself in the market with over 300 products, ranging from cosmetics to skincare, baby products, bath, and body care.

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The brand started its journey with an initial investment of ₹90 lakh, and its estimated net worth now exceeds 300 million dollars.

The Unbelievable Journey

The unbelievable journey of Mamaearth began with the founders, new parents searching for the perfect products for their newborn in 2016. In 2014, Ghazal and Varun Alagh, co-founders of Mamaearth, were blessed with a baby boy, Agasthya. They tried their best to find toxin-free products in India but couldn’t find any safe options for daily use.

They began asking friends and family traveling to the US and UK to bring back high-quality products for their child, but the expenses were higher than expected. That’s when they made a pivotal decision: Why not bring that same love and care to every newborn in India? As a result, Mamaearth was born, addressing the concerns of every new parent’s question, “What products are safe for my baby?”

Founded in 2016, with its headquarters in Gurugram, the couple launched Mamaearth under the parent company Honasa Private Limited. They invested ₹90 lakh in this venture, and today, the company’s monthly return is around ₹10,000 crore. Mamaearth’s major distinction lies in its use of natural, plant-based ingredients that are scientifically tested, certified, and effective.

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Journey of Varun and Ghazal Alagh

Varun and Ghazal Alagh, the Chief Dad and Chief Mama of Honasa Consumer, never imagined they would become such successful entrepreneurs.

Varun Alagh

Varun Alagh was born in 1984 in India. He completed his schooling locally and earned a Bachelor of Engineering in Electrical Engineering from Delhi College of Engineering (2001-2005). He later completed a Post Graduate Diploma in Business Management (PGDBM) in Finance and Marketing from XLRI Jamshedpur (2005-2007). A bright and hardworking student, Varun worked with several companies such as Maruti, Colgate, and Havells Electric.

His career began as a Business Leadership Trainee at Hindustan Unilever Limited in 2007. With his skills and determination, he earned promotions and eventually resigned in 2012 as the Regional Brand Manager. Varun then joined Diageo PLC as a Senior Brand Manager and later worked at Coca-Cola in 2013. At Coca-Cola, he served as Brand Manager and was promoted to Senior Brand Manager, a role that allowed him to work with South-West Asian countries. By November 2016, he left Coca-Cola and co-founded Honasa Consumer Private Limited, Mamaearth’s parent company.

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Ghazal Alagh

Ghazal was born on September 2, 1988, in Gurugram, Haryana. Raised in a joint family, she completed her schooling in Chandigarh. Although her family had a business background, Ghazal was passionate about art. She completed a Bachelor’s in Computer Application from Punjab University in 2010 and then pursued her passion for painting by moving to New York. In 2013, she attended a one-year intensive course in modern art, design, and applied arts at the School of Visual Arts, New York.

Ghazal’s career started as a corporate trainer, but she soon shifted to creating a website offering information about proper diet and later started an art school. She earned additional income by selling her artwork globally. She was also a judge on the reality show “Shark Tank India.” Ghazal’s ambition and passion led her to co-found Mamaearth, and in 2020, she launched another skincare brand, “The Derma Co.”

Their Net Worth

The net worth of the Alagh couple is impressive and a testament to their hard work.

According to sources, Varun Alagh’s net worth is estimated to be more than ₹120 crores (as of 2023). His income is not limited to Mamaearth; he has made numerous meaningful investments, including 40 startups. Some of his notable investments include Solar Ladder, Neodocs, Swiflearn, and KikiBix.

Ghazal Alagh is also a force to be reckoned with. As of 2024, her net worth is estimated to be around ₹150 crores. Since Mamaearth’s inception, her wealth has grown significantly. Reports indicate that her annual salary is ₹1.6 crores. Additionally, her income comes from investments and brand collaborations. She once shared in an interview that she earned just ₹1,200 per day at the start of her career. Her journey from there to her current success is a reflection of her passion, dedication, and hard work.