Honasa Consumer Pvt Ltd closed a private placement of 1,741 compulsorily convertible preference shares, face value of INR 10 each at a price of INR 33,85,049 for gross proceeds of INR 5,893,370,309 on December 28, 2021. The transaction included participation from returning investors Sequoia Capital Growth Fund III, L.P., a fund managed by Sequoia Capital Operations LLC for INR 3,118,000,000, Sofina Société Anonyme for INR 2,220,600,000 and The Evolvence India Fund, a fund managed by Evolvence Capital for INR 555,000,000. The round was raised at post-money valuation of $1,070,000,000 (INR 79,909,742,319.460181).