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Fitspire Enters into $17 bn Vegan Skincare Market
Startup News FYI
·
1y ago
Medial
Fitspire, a leading vegan and plant-based personal wellness brand, is set to disrupt the $17 billion global skincare market by launching plant-based Biotin, Collagen, and Omega products. Founded by IIM Lucknow alumni, Fitspire aims to cater to the increasing demand for cruelty-free and eco-conscious skincare products in India. With an ambitious revenue target of Rs300 crore over the next three years, Fitspire expects to be a significant player in the global market. The products will be available both offline and online, reaching customers across urban and rural areas.
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Fitspire secures $1 million in bridge round led by McDonalds' India promoter Anant Agarwal and MMG Group
Economic Times
·
6m ago
Medial
Fitspire, a health nutrition brand, raised $1 million in a bridge round at a valuation over Rs 100 crores. The Delhi-based startup, led by McDonald's India promoter Anant Agarwal and MMG, will use the funds for market expansion and brand building. With significant sales growth and strategic collaborations, Fitspire plans to capture 2% of India's nutrition market by 2032, launching new products under its 'House of Protein' umbrella. Founded in 2020, it specializes in vegan and vegetarian products.
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Vegan Startup Fitspire raised undisclosed amount from Bollywood singer Sukhbir Singh
Startup News FYI
·
2y ago
Medial
Vegan Startup Fitspire raised undisclosed amount from Bollywood singer Sukhbir Singh. Joining Singh in this funding round were prominent investors, including Ashish Chand and Sohil Chand (LC Nueva), Ivor Braganza (Next5 Ventures Oman), Dheeraj Jain (Redcliffe London), the Family Office of Jaipurias (represented by Ruchirans Jaipuria and Anuraag Jaipuria), and existing investor Amit Singhal.
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Beauty brand RAS Luxury Skincare raises $5 million from Unilever Ventures, others
Economic Times
·
7m ago
Medial
RAS Luxury Skincare, a Raipur-based beauty brand, has secured $5 million in funding led by Unilever Ventures, along with Amazon Smbhav Venture Fund and existing backers. The funds will be used to expand its retail and online presence, invest in talent, R&D, marketing, and technology. Founded in 2017, RAS offers plant-based, vegan products and has seen 140% growth annually. The brand plans to increase offline revenue and establish a strong presence in India’s luxury skincare market.
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BIA Brands focused on fast-moving consumer brands acquires Asa Beauty
IndianStartupNews
·
1y ago
Medial
BIA Brands, a company specializing in FMCG, has acquired Asa Beauty as part of its strategy to strengthen its presence in the beauty and personal care industry. Asa Beauty, known for its clean, vegan makeup products, is the second skincare acquisition for BIA Brands. The company aims to build a portfolio of global brands originating from India and has recently expanded into the food and beverage sector. The acquisition reflects the growing interest in the Indian FMCG market, particularly in beauty and personal care, which is expected to reach $28 billion by 2030.
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Nutrition brand Fitspire raises $1 Mn in pre-Series A round
Entrackr
·
6m ago
Medial
Fitspire, a family health nutrition and protein supplements brand, has secured $1 million in a bridge round for Series A preparation led by McDonald's India (North and East). Promoter Anan Agarwal, MM Agrawal Group (MMG), along with angel investors from AKG financials at a valuation of Rs 100 crore (around $12 million) participated in the round. Earlier this year, Fitspire, owned by Starcap Wellness Pvt Ltd, raised funds from investors like Jaipuria family office Ruchirans- Anuraag, Sohil-Ashish Chand - LC Nueva Capital among others. The Delhi-based startup will use the fresh funds to strengthen its ecosystem, accelerate market expansion, build the brand, and create new revenue streams. Founded in 2020 by Vipen Jain, Nidhi Jain, and Hinah Sawhney, Fitspire aims to capture 2% of the total nutrition market in India, currently valued at approximately $11.85 billion and projected to grow to $28.70 billion by 2032. As part of its expansion plans, Fitspire is launching a new range of innovative products, including protein shakes, protein cookies, protein chips, protein spreads, and protein-enriched bakery products.
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HairOriginals, Mealawe, Fitspire, three others net early-stage cheques
VCCircle
·
6m ago
Medial
HairOriginals, Mealawe, and Fitspire are among the startups that have secured early-stage funding. HairOriginals raised $5 million to expand try-at-home services and R&D. Mealawe, focusing on homecooked meals, garnered $1 million to expand to new cities. Fitspire secured the same amount to enhance its market presence. Quicklend, with its new financial product, raised Rs 6.75 crore. Meanwhile, Presage Insights and Origamis AI also obtained funding to scale operations and technology.
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Cureskin bridges skincare gap with AI-driven solutions for India
Inshorts
·
4m ago
Medial
Cureskin emerged from a father's quest to find effective skincare for his son. Founded by ex-Google employees in 2017, it combines AI-driven dermatological care with personalized treatments. With 100+ dermatologists and over 17 lakh users, Cureskin bridges the gap in accessible skincare, especially in Tier 2 and 3 regions, aligning with India's 'Make in India' initiative.
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Vikas Khemani’s Carnelian invests $15 Mn in Kimirica
Entrackr
·
17d ago
Medial
Vikas Khemani’s Carnelian invests $15 Mn in Kimirica Carnelian Asset Management LLP, led by market veteran Vikas Khemani, has invested around $15 million in luxury vegan self-care brand Kimirica. This partnership backs both wings of the business: Kimirica Hunter (KH), the manufacturer of hotel amenities, and Kimirica Lifestyle (KL), a D2C luxury beauty brand. The proceeds will be used to scale its omnichannel retail presence, and bring self-care experience to more consumers, Kimirica said in a press release. Launched in 2013 by Mohit, Rajat, Kimi, and Rica Jain, Kimirica began as a bootstrapped startup determined to disrupt an import-heavy industry where 90% of hotel toiletries came from China. A decade later, Kimirica has brought that number down to almost zero. Today, it exports to over 70 countries and partners with more than 10,000 luxury hotels and airlines, including Marriott, Hilton, Hyatt, Accor, Leela, and Air India. Kimirica has now expanded into the D2C retail space. A vegan, cruelty-free, and fair-trade-certified company, its portfolio covers skincare, body care, fine fragrances, luxury gifting, and home & wellness. Kimirica claims that it leads the gifting and bath & body segments, and sells products on Nykaa, Amazon, Tira, and quick commerce platforms. Its retail footprint is growing rapidly, with over 10 new experiential stores set to open across India and the Middle East. The brand continues to expand into high-growth categories: from fine fragrances to its latest men's grooming line, The Gentleman.
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Surge-backed Belora Cosmetics may shut down
Entrackr
·
1y ago
Medial
Cosmetics brand Belora, which raised funds from Surge, may be on the verge of shutting down. The company reportedly failed to secure follow-on capital or attract potential buyers. It also explored merger and acquisition opportunities in the cosmetic space, but no deals materialized. Belora's website has been down for several weeks, further suggesting the impending shutdown. The brand offered vegan and toxin-free makeup and skincare products and aimed to become a Rs 500 crore brand within a few years. Its annual revenue was Rs 15 crore in FY22.
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Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation
VCCircle
·
10m ago
Medial
- Hyundai's India IPO is set to open for subscriptions next week, aiming for a valuation of up to $19 billion. - The IPO will be Hyundai's first stock market listing outside South Korea and the first carmaker IPO in India in two decades. - The $3 billion IPO will be available for institutional investors from Oct. 14, with bids from retail and other categories accepted from Oct. 15-17. - At the upper end of the price range, Hyundai will be valued at approximately $19 billion, with trading scheduled to start on Oct. 22. - Hyundai plans to regain market share in India through the expansion of its SUV lineup and the introduction of electric and gasoline-powered models tailored to the Indian market. - The IPO will not involve the issuance of new shares, with Hyundai's South Korean parent company selling up to 17.5% of its stake in the wholly owned Indian unit.
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