The Mother’s Co’s founders Mohit and Malika Sadani on Tuesday introduced their close to full exit from the corporate on Wednesday after the Good Glamm Group raised their stake within the firm to 90 per cent from 75 p.c.

Co-founder Mohit Sadani took to LinkedIn to substantiate his exit from the corporate. He mentioned: “Because the founders of The Mothers Co., we all the time knew that sooner or later we would must take a step again from the day-to-day working of the corporate and let the professionals run the present. Once we bought our model to the Good Glamm Group in India’s largest D2C exit of 2021, we knew that day would come sooner relatively than later. As we speak, that day is right here.”

The couple is taking a while off earlier than their subsequent enterprise and can concentrate on their youngsters, he mentioned. “On our private entrance, as we take a step again from the day-to-day, we’re enthusiastic about our new private journeys! 💼 Malika and I are trying ahead to investing, mentoring, and dealing intently with superb founders constructing the following huge model / firm….It is time for us to step again, concentrate on private progress, exploring new locations, and discovering new cultures by means of journey with our children,” mentioned Sadani.

The Mothers Co’s founders will stay on the board and may have the choice to divest the remaining 10% stake within the subsequent one 12 months, ET reported earlier within the day.

Nevertheless, the founders will stay on board and may select to divest their 10% stake over the following one 12 months, the report added.

The Good Glamm Group had acquired a 75% stake in The Mothers Co in 2021. The acquisition is deemed as the largest on this section because it valued the corporate at Rs 500 cr.

The Good Glamm Group has been on an buying spree because it has constructed stake in a number of firms, together with female hygiene model Sirona, mom-and-baby platform BabyChakra, digital media platform ScoopWhoop, private care model St Botanica, and superstar expertise administration platform Mis Malini Leisure.

Learn: Content-to-commerce unicorn Good Glamm eyes IPO in 2024, goals to duplicate Nykaa’s success