Both HUL and Honasa committed to taking down the disputed advertisements and social media posts within 24 hours, and related hoardings within 48 hours.
The Fund will invest exclusively in follow-on rounds of breakout companies from its seed portfolio, utilising high-signal data to make informed investment decisions.
The Bengaluru-based firm invests in diverse categories, including food and beverage, personal care, health and wellness, and lifestyle, aiming to identify high-potential startups.
The money raised will be put toward expanding teams across functional areas, advancing hardware and software R&D, and "launching India's next-generation consumer electronics brand in the coming months."
According to the DHRP, the company has proposed a fresh issue of equity shares up to INR 400 crore and an offer for sale (OFS) component by a number of outside investors and individual shareholders up to 46,819,635 shares
In the coming year, Honasa Consumer parent company of brand Mamaearth is focusing on launching new brands and venturing into new categories with existing brands