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News on Medial
Organic personal care brand Herby Angel raises $2.5M led by JCBL Group
IndianStartupNews
·
1y ago
Medial
Ayurvedic and organic personal care brand Herby Angel has secured $2.5 million in its first funding round led by JCBL Group. The funding will be used for expansion, including enhancing distribution, improving technology, expanding the product portfolio, and increasing research and marketing efforts. The brand plans to expand its presence from 13 states to 18 states, covering over 2,000 retail stores by March 2024. Herby Angel offers over 30 ayurvedic and organic health and wellness products, capitalizing on the growing demand for sustainable and ethical products among younger consumers in the Indian personal care market, which is expected to grow at a CAGR of 10.8% from 2024 to 2032.
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Premium-luxury oral care and hygiene brand SALT raises funding from angels
IndianStartupNews
·
1y ago
Medial
Indian premium-luxury oral care brand SALT has secured pre-seed funding led by Dr. Viraj Joshi and other angel investors, valuing the company at INR 18 crore. SALT, co-founded by Karanraj Kohli and Viraj Kapur, offers natural oral care products focused on enhancing oral wellness and beauty. The funding will support product expansion and the brand's mission to reimagine oral wellness with a sustainable and innovative approach. SALT emphasizes purity and sustainability, sourcing organic materials for its products, and aims to redefine oral care standards by excluding harmful substances like SLS, parabens, and peroxide.
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Antithesis raises Rs 5 Cr in pre-seed round co-led by Rukam and V3 Ventures
Entrackr
·
3m ago
Medial
Antithesis, a beauty and personal care brand, has raised Rs 5 crore (around $582K) in its pre-seed round co-led by Rukam Capital and V3 Ventures. The proceeds will be used in growth plans as a digital-first beauty company, product innovation, and market and distribution channel expansion while also strengthening its brand presence in the personal care market. Founded by Aparna Saxena, Antithesis treats beauty and personal care products like technology products, allowing for continuous innovation and feature expansion based on consumer feedback and emerging trends. Rukam Capital, with a track record of backing high-growth consumer brands, has previously invested in brands like Beco, Sleepy Owl, Yoho, GO Desi, upliance.ai, and Indus Valley, amongst others. V3 Ventures is a founder-led early-stage fund backed by the Verlinvest group that invests in disruptive consumer companies across the globe, including Kuku FM, Go Zero, Dil Foods, Ugaoo, and Deconstruct.
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Kids personal care brand Tuco Intelligent raises $2 Mn in seed round
Entrackr
·
9m ago
Medial
Tuco Intelligent, a kids’ personal care brand, has raised $2 million in its seed round led by Fireside Ventures and Whiteboard Capital. The round also saw the participation of the Ashish Goenka-led Suashish Group and angel investors such as Vijay Nehra, and Arjun Purkayastha, and early backers of brands like Mamaearth, Sugar, Pilgrim, Whole Truth, and Mokobara. Founded by Aishvarya Murali in 2023, Tuco Intelligent offers a range of natural and sustainable personal care products only for kids. The range includes soaps, lotions, creams, makeup and deodorants. All products claim to be packaged in 100% landfill and ocean-reclaimed plastic to create a greener planet for children. Tuco targets the unique personal care needs of kids aged 4-12, a demographic with growing needs at every stage. Tuco Intelligent skin products are available on the website and marketplaces like Amazon, Flipkart, Myntra, Nykaa, and Firstcry. Fireside Ventures, which has invested in brands like Mamaearth, boAt Lifestyle, Yogabar, and The Sleep Company, is known for backing high-growth consumer brands. Whiteboard Capital’s portfolio includes innovative companies such as Atomberg, Cred, Jupiter, and Daily Ninja.
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The Good Glamm Group acquires 100% stake in The Moms Co
YourStory
·
8m ago
Medial
The Good Glamm Group has completed a 100% acquisition of natural brand personal care company The Moms Co. The acquisition was made through a cash and stock deal, and the remaining shares held by The Moms Co. founders were fully acquired by the Good Glamm Group over the last two years. This acquisition is part of the Good Glamm Group's strategy to expand its presence in the beauty and wellness market. The Group recently acquired Sirona Hygiene and increased its shareholding in portfolio brands Organic Harvest and Winkl.
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Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures
Entrackr
·
11m ago
Medial
D2C haircare brand Moxie Beauty has raised Rs 17.3 crore or $2.1 million in a new round led by Fireside Ventures. The round also saw participation from a group of angel investors, including Samir Singh (ex Unilever CMO Personal Care, Chair Unilever Asia), Arjun Purkayastha, Suhasini Sampath (founder, Yoga Bar), Navin Parwal and Sangeet Agrawal (founders, Mokobara). In April last year, the Gurugram-based startup had raised $669K in its seed round from Amplify Partners, OTP Venture Partners and others. The new proceeds will be used towards product innovation and research, hiring talent, and expanding distribution channels. Launched by Nikita Khanna and Anmol Ahlawat, Moxie Beauty makes salon-quality hair care products that are tailored for Indian hair textures. Besides essentials like shampoo and conditioner, it offers leave-in products and styling products that help tackle dryness and frizz.
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Plush Raises INR 40 Cr, Eyes INR 200 Cr ARR with Profit in Tow
StartupTalky
·
1m ago
Medial
Plush, a personal care brand from India, raised INR 40 crore in a growth round led by Rahul Garg, supported by various strategic investors. The company achieved a net ARR of INR 100 crore and EBITDA-level profitability, demonstrating capital-efficient growth. Plush plans to use the funds to enhance market presence and expand offline. Known for redefining fem-care with products like period care and intimate wellness, Plush aims to achieve INR 200 crore ARR and build a strong brand presence.
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Spacegoods Raises £2.5M in Seed Funding
Finsmes
·
1y ago
Medial
London-based wellness brand Spacegoods has secured £2.5m ($3.5m) in seed funding. Led by Five Seasons Ventures, the round also included Redrice Ventures, Slingshot Ventures and G-Fund. The funds will be used to fuel growth, expand the product line, and reach a wider customer base. Spacegoods offers "Rainbow Dust", a powder blend of adaptogen mushrooms and nootropics designed to enhance energy and mood. The brand has already attracted over 75,000 customers since its launch less than two years ago.
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The Good Glamm Group Completes Acquisition Of The Moms Co
Inc42
·
8m ago
Medial
The Good Glamm Group, a content-to-commerce unicorn, has completed the 100% acquisition of The Moms Co, a direct-to-consumer mom and baby care brand. This acquisition comes after the company's recent completion of the Sirona transaction and increased shareholding in other portfolio brands like Organic Harvest and Winkl.
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Women’s wellness brand Plush raises Series B from Blume, ex-PremjiInvest exec
VCCircle
·
1m ago
Medial
Plush, a women’s wellness brand, has raised Rs 40 crore ($4.7 million) in a Series B funding round led by Rahul Garg, formerly of PremjiInvest, with participation from Blume Founders Fund and other investors. The funds will enhance Plush's market presence, expand offline operations, and boost brand building. Founded in 2019, Plush offers personal care products. The company expects revenues to more than double, despite increased net losses in the previous financial year.
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Pilgrim raises $20 million in funding round led by Vertex Ventures
Economic Times
·
1y ago
Medial
Direct-to-consumer personal care brand Pilgrim has raised $20 million in its latest funding round, with Vertex Ventures Southeast Asia and India leading the investment. The funds will be used for research and development, brand-building, and expanding offline presence. Pilgrim plans to open five exclusive outlets and aims to achieve an annual revenue run rate of Rs 1,000 crore by 2025. The company has seen significant growth in the past year and hopes to add more SKUs during the festive season. The beauty and personal care market in India is projected to reach $30 billion by 2027.
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