NeoSapien has raised $2 million (Rs 18 crore) in its seed funding round led by Merak Ventures. Separately, Honasa Consumer has acquired BTM Ventures Pvt Ltd.
Merak leads funding in NeoSapien
NeoSapien, creator of an AI-native wearable, has raised $2 million (Rs 18 crore) in its seed funding round led by Merak Ventures, per an announcement.
The funding also saw participation from a group of prominent angel investors, including Awais Ahmed (founder-Pixxel), Anupam Mittal (founder, Shaadi.com), Sameer Mehta (co-founder, boAt), Namita Thapar (Emcure Pharmaceuticals), and Aprameya Radhakrishna (CEO, Koo), among others, the startup said in a statement.
NeoSapien plans to direct the fresh capital towards accelerating product development, enhancing visibility in the market, and strengthening the team across functions, the statement added.
Founded in 2024 by Aryan Yadav and Dhananjay, Neo 1 acts as a personal AI personal assistant (PAIA) and combines advanced contextual intelligence with hardware innovation, enabling users to seamlessly capture, process, and organise everyday conversations and actions in real time.
Honasa Consumer acquires Reginald Men
Honasa Consumer—the parent company of Mamaearth and The Derma Co—has acquired BTM Ventures Pvt Ltd, the parent company of premium personal care brand for men Reginald Men.
As part of the transaction, Honasa will acquire a 95% stake via a secondary purchase at an enterprise value of Rs 195 crore, subject to closing adjustments. The remaining 5% will be acquired after 12 months, Honasa Consumer said in a statement.
Founded in August 2022 by Trisha Reddy Talasani, Reginald Men offers a range of men’s products, across personal care especially sunscreen and serum.
The acquisition marks a strategic expansion into the rapidly growing men’s personal care category and further strengthens Honasa’s presence in the South Indian market, where Reginald Men currently derives the majority of its revenue, Honasa said.
In the last 12-month period (Nov ’24-Oct ’25), Reginald Men claims to have achieved Rs 70+ crore top line with nearly 25% EBITDA.
