Honasa Consumer shares rally 10% after co-founder Varun Alagh hikes stake in co

With the recent acquisition of additional shares, the CEO’s stake in the company rose to 31.93% from 31.88%. Alagh, who co-founded the beauty and personal care brand with his wife Ghazal Alagh, holds a combined ownership of 35% with her 3.07% stake in the Gurugram-based firm. This level of founder control is uncommon in India’s startup ecosystem, where founders typically dilute larger stakes to secure funding.