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News on Medial
Grapevine: ChrysCapital, Wow Skin Science, Carlyle, and Strata Geosystems in news
VCCircle
·
7m ago
Medial
ChrysCapital-backed Wow Skin Science is reportedly in talks to sell a majority stake, while US private equity firm Carlyle is discussing acquiring a 60-70% stake in Strata Geosystems (India) Pvt Ltd and its affiliates. These developments highlight ongoing significant transactions in the beauty and geosystems sectors, as companies and investors seek strategic expansions and market opportunities. The potential stakes in Wow Skin Science and Strata Geosystems reflect broader trends in industry consolidations and investments.
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Wow Skin Science revenue drops to Rs 258 crore in FY23; losses also rise
IndianStartupNews
·
1y ago
Medial
Skincare brand Wow Skin Sciences has experienced a decline in its income and an increase in losses. Its operational income decreased by 24.1% to Rs 258 crore in FY23, down from Rs 340 crore in FY22. The decline was particularly noticeable in the US market. Despite this, Wow Skin Sciences plans to re-enter the US market directly and aims to achieve Rs 1,000 crore in revenue by FY26. The company's parent company, Body Cupid Pvt. Ltd., has four brands: WOW Skin Science, WOW Life Science, Body Cupid, and Nature Derma.
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Infra.Market buys majority stake in textilemaker Strata Geosystems
Money Control
·
2y ago
Medial
Infra.Market, an Indian construction materials marketplace, has acquired a majority stake in Strata Geosystems, a textile manufacturing company. The move aims to strengthen Infra.Market's product offerings and expand its presence in the infrastructure sector. Strata Geosystems specializes in manufacturing geosynthetic products used in infrastructure projects. The acquisition aligns with Infra.Market's strategy of enhancing its position in the construction and infrastructure market.
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Wow Skin Science forays into cosmetic category with launch of ‘Color Cupid’
Entrackr
·
1y ago
Medial
Body Cupid, the parent company of the personal care brand Wow Skin Science, has ventured into the cosmetics category with the launch of a new brand, Color Cupid. Designed and curated for younger demographics, Color Cupid features nearly 40 stock keeping units (SKU’s) including kajal, eyeliners, lipsticks, foundation, BB cream, primer, makeup remover, and more. “We aim to revolutionize the beauty industry by bridging the gap between your inner world and outer expression, helping you find the look that reflects who you are, without seeking validation or judgment,” said Manish Chowdhary, co-founder of WOW Skin Science. The newly launched brand will be available both online and offline with over 300 beauty advisors and more than 1,000 makeup stores. Color Cupid will focus on regions such as Delhi-NCR, Punjab, Lucknow, Mumbai, Pune, and Vadodara, the company said in a press release. That said, the GIC-backed firm already has four brands namely Wow Skin Science, Wow Life Science, Body Cupid, and Nature Derma. In 2019 the company expanded its operations to the US, increasing its global presence to 22 countries. Wow Skin Science says it draws around 10-12% of its revenue from the international market. As per startup data intelligence platform TheKredible, Wow Skin’s parent company has raised over $95 million to date including a $48 million round led by Singapore GIC in November 2022.
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Wow Skin Science cuts losses despite revenue dip, eyes profitability by 2025
Economic Times
·
9m ago
Medial
Wow Skin Science, a beauty and personal care firm, has reported a second consecutive year of revenue decline, while reducing losses by around 40% in the financial year ending March 2024. Its parent company, Body Cupid Pvt Ltd, experienced a 10% drop in operating revenue, attributed to a reduction in overall expenses. The company aims to achieve sustainable long-term growth and near break-even in Q4 of the coming year. Wow Skin Science has been expanding aggressively in overseas markets and has secured shelf space in major US retail chains.
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D2C beauty company Wow seeks strategic buyer at a lower $250 million valuation
Economic Times
·
7m ago
Medial
Direct-to-consumer beauty brand Wow Skin Science is seeking a strategic buyer as investors aim to exit at a reduced $250 million valuation amid fierce D2C segment competition. Previously valued at $400 million, the brand has witnessed declining growth and financial losses. Industry consolidation is increasing as new-age brands find scaling challenging, and legacy consumer goods companies are eyeing acquisitions. Wow Skin Science's decision aligns with a broader shift in the $15 billion Indian beauty market.
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WOW Skin Science In Talks To Raise $75 Mn: Report
Inc42
·
1y ago
Medial
WOW Skin Science plans to raise $75 Mn at a flat valuation. The company's net loss increased 15.5X to INR 135.83 Cr in FY22. The online beauty shopper count in India is projected to reach 122 Mn by FY25.
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Grapevine: PEs, others eye Theobroma; layoffs lead to closure murmur at ReshaMandi
VCCircle
·
11m ago
Medial
Switz Group, Carlyle, Kedaara Capital, and ChrysCapital have submitted non-binding bids for a majority stake in Indian bakery chain Theobroma. The potential investment is being evaluated by the private equity firms and could result in a significant partnership for Theobroma. Meanwhile, there are rumors of layoffs leading to the closure of ReshaMandi, creating concerns in the industry.
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Grapevine: ChrysCapital, WestBridge, Altimetrik, Emmvee in news
VCCircle
·
2m ago
Medial
ChrysCapital and WestBridge Capital are negotiating new deals, while TPG-owned Altimetrik plans to finalize an acquisition. Solar photovoltaic module manufacturer Emmvee is gearing up for an initial public offering. Additionally, ChrysCapital is in discussions to raise funds for Dhan, an online stock trading and investment platform. These developments reflect the active strategies and expansions among private equity firms and related companies in the investment and solar sectors.
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ChrysCapital mulls GeBBS Healthcare sale; Carlyle taps 2 banks for Hexaware IPO
VCCircle
·
1y ago
Medial
ChrysCapital, an Indian private equity firm, is considering selling GeBBS Healthcare Solutions, a healthcare BPO company in Los Angeles. ChrysCapital had acquired an 80% stake in GeBBS in 2018 for $140 million. Now, with a potential valuation of $350-400 million, ChrysCapital is exploring options to divest its stake. On the other hand, Carlyle Group has reportedly appointed JP Morgan and BNP Paribas as bankers for the upcoming IPO of Hexaware Technologies, an IT services company. Carlyle had acquired a majority stake in Hexaware in 2013.
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Grapevine: Smallcase, Peak XV Partners, Carlyle, and Quest Global in news
VCCircle
·
7m ago
Medial
Grapevine: Smallcase, Peak XV Partners, Carlyle, and Quest Global in news Premium Credit: 123RF.com Smallcase is in talks to raise over $50 million and Carlyle Group Inc. is weighing an initial public offering for one of its engineering services portfolio firm, according to various media reports. Smallcase Smallcase, a Bengaluru-based fintech, is in talks to raise over $50 million (over Rs 420 crore) through a ......
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