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Fitspire Enters into $17 bn Vegan Skincare Market

Startup News FYI

Startup News FYI · 1y ago

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.

Related News

Fitspire secures $1 million in bridge round led by McDonalds' India promoter Anant Agarwal and MMG Group

Economic Times

Economic Times · 6m ago

Fitspire secures $1 million in bridge round led by McDonalds' India promoter Anant Agarwal and MMG Group

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.

Vegan Startup Fitspire raised undisclosed amount from Bollywood singer Sukhbir Singh

Startup News FYI

Startup News FYI · 2y ago

Vegan Startup Fitspire raised undisclosed amount from Bollywood singer Sukhbir Singh

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.

Beauty brand RAS Luxury Skincare raises $5 million from Unilever Ventures, others

Economic Times

Economic Times · 7m ago

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.

BIA Brands focused on fast-moving consumer brands acquires Asa Beauty

IndianStartupNews

IndianStartupNews · 1y ago

BIA Brands focused on fast-moving consumer brands acquires Asa Beauty

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.

Nutrition brand Fitspire raises $1 Mn in pre-Series A round

Entrackr

Entrackr · 6m ago

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.

HairOriginals, Mealawe, Fitspire, three others net early-stage cheques

VCCircle

VCCircle · 6m ago

HairOriginals, Mealawe, Fitspire, three others net early-stage cheques

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.

Cureskin bridges skincare gap with AI-driven solutions for India

Inshorts · 4m ago

Cureskin bridges skincare gap with AI-driven solutions for India

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.

Surge-backed Belora Cosmetics may shut down

Entrackr

Entrackr · 1y ago

Surge-backed Belora Cosmetics may shut down

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.

Mumbai-based skincare brand Foxtale raises $14M from Panthera Growth Partners, others

IndianStartupNews

IndianStartupNews · 1y ago

Mumbai-based skincare brand Foxtale has raised $14 million in a funding round led by Panthera Growth Partners. The direct-to-consumer startup, founded in 2021, offers a range of skincare products and aims to become a Rs 1,000 crore ($135 million) brand within five years. Foxtale plans to utilize the funding to solidify its market position and compete with established players in the Indian skincare industry. The Indian skincare market is projected to generate around $9.88 billion in revenue by 2024, with a growing demand for luxury, natural, and Ayurvedic products.

Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation

VCCircle

VCCircle · 10m ago

Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation

- 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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