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Unilever Ventures leads $2 Mn round in skincare brand ClayCo Cosmetics

EntrackrEntrackr · 10m ago
Unilever Ventures leads $2 Mn round in skincare brand ClayCo Cosmetics
Medial

ClayCo Cosmetics, a skincare brand launched in March by Niharika Jhunjhunwala, has successfully secured $2 million in a Series A funding round led by Unilever Ventures, marking its first external investment. The funds will be allocated toward expanding its product portfolio, enhancing branding and promotional efforts, driving recruitment, and supporting working capital needs. ClayCo specializes in skincare products that blend natural ingredients with modern technology, drawing inspiration from ancient traditions and global cultures. Its debut collection, “Rituals of Japan,” features products like cleansers, moisturizers, serums, and essences that combine traditional ingredients such as rice, sake, and azuki beans with contemporary innovations. The brand’s flagship product, the Rice and Sake Sleep Mask, has quickly gained popularity, becoming the best-selling night cream on platforms like Amazon, Nykaa, and Tira, with over 100,000 units sold. Looking ahead, ClayCo plans to launch a Moroccan-inspired body care range, aiming to offer affordable luxury through high-performance products inspired by diverse beauty traditions.

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SkinInspired raises $1.5 Mn in seed round led by Unilever Ventures

EntrackrEntrackr · 1y ago
SkinInspired raises $1.5 Mn in seed round led by Unilever Ventures
Medial

Skincare brand SkinInspired has raised Rs 12.25 crore (approximately $1.5 million) in its seed round led by Unilever Ventures. Dr Vaidya’s co-founder Arjun Vaidya also participated in the round. The proceeds will be allocated towards research and development initiatives, strategic marketing efforts, and strengthening the brand’s go-to-market strategy. Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired offers a curated range of assorted products based on skin types in four categories – face wash, face serum, sunscreen, and moisturizer. The brand has also introduced a refillable skincare line, featuring airless jars and pumps designed to preserve product efficacy and promote sustainability. According to market research, the skincare industry in India reached a size of $3 billion in 2023, with demand anticipated to grow at a CAGR of 14.6% over the forecast period.

Titan Capital leads seed round in skincare brand Be Clinical

EntrackrEntrackr · 3m ago
Titan Capital leads seed round in skincare brand Be Clinical
Medial

Titan Capital leads seed round in skincare brand Be Clinical Skincare brand Be Clinical has secured Rs 2 crore in a seed funding round led by Titan Capital, along with participation from P-TAL founder Aditya Agarwal. The proceeds will be utilized to internalize its manufacturing operations, ensuring enhanced oversight of inventory, increased operational efficiency, and protection of proprietary formulations, Be Clinical said in a press release. Launched by Himangi Dhir, Be Clinical is a science-led skincare brand that focuses on advanced anti-ageing solutions. The brand leverages medical-grade formulations and clinical expertise to offer targeted, results-driven products that support skin longevity at every stage of life. The startup is committed to transparency, efficacy, and innovation. The Mumbai-based company aims to accelerate its mission of providing advanced, targeted anti-ageing solutions and to set new benchmarks for quality and transparency in skincare. The brand plans to enter additional anti-ageing segments, expanding its portfolio of clinically validated solutions focused on skin longevity. The brand addresses a real and growing need—especially among Indian Gen Z and Millennial consumers, who are now seeking targeted, effective solutions earlier in their skincare journey.

D2C skincare brand Foxtale raises $30 Mn

EntrackrEntrackr · 7m ago
D2C skincare brand Foxtale raises $30 Mn
Medial

Foxtale, a direct-to-consumer (D2C) skincare brand, has secured $30 million (approximately Rs 250 crore) in a funding round led by Japanese beauty products company Kose Corporation. Existing investors Z3Partners (formerly Matrix Partners India), Kae Capital, and Panthera Growth Partners also participated in this round. This marks Foxtale's second capital infusion within a year, following an $18 million round in June 2024. The company plans to utilize the fresh capital to expand its product range and enhance its online presence. Foxtale, founded by Romita Mazumdar in 2021, is an affordable skincare brand focused on products designed for Indian skin, targeting issues such as acne, aging, and hyperpigmentation. Its products are available on its website and various marketplaces, including Nykaa, Amazon, Blinkit, Flipkart, and Myntra. According to the company, 50% of its revenue comes from its website, 40% from online marketplaces and quick commerce platforms, and the remaining 10% from offline sales channels. Founder and CEO Mazumdar claimed that Foxtale is on track to surpass Rs 300 crore in gross revenue in the current fiscal year. Foxtale competes with well-established players like Sugar Cosmetics, WOW Skin Science, Plum, MamaEarth, Minimalist, and several others.

D2C skincare brand Foxtale scoops up $14 Mn in new round

EntrackrEntrackr · 1y ago
D2C skincare brand Foxtale scoops up $14 Mn in new round
Medial

D2C skincare brand Foxtale has raised Rs 119.5 crore (approximately $14 million) in a new round from PGP India Growth, Panthera Growth, Matrix Partners, and Beacon Trusteeship. This is the first funding round for the Mumbai-based firm in 2024 and the second in the past two years. Previously, the startup had raised $4 million in a pre-Series A round from Matrix and Kae Capital in June 2022 and a seed round in August 2021. Founded by Romita Mazumdar in 2021, Foxtale is a low-cost skincare brand that launched four basic products. Its product portfolio covers anti-aging, acne control and hydration aspects among others. According to the startup data intelligence platform TheKredible, the three-year-old company has been valued at around Rs 790 crore or $96 million (post-allotment of the new round). Foxtale grew at a scorching pace in the last fiscal year and posted Rs 13.8 crore in operating revenue against Rs 20 lakh in FY22. However, the firm’s losses soared 7.5-fold to Rs 18.49 crore during the fiscal year ending March 2023 as compared to Rs 2.48 crore in FY22. The company claimed that it hit break even in Q2 in FY24 and intends to become a Rs 1,000 crore brand in the next five years. Foxtale will compete with well established players like Sugar Cosmetics, WOW Skin Science, Plum, MamaEarth, Minimalist and several others. Foxtale’s funding is good news for the D2C skincare ecosystem which didn’t see much funding activities in the past year. Sugar has been eyeing to score around $100 million in secondary and primary capital but the deal is yet to be materialized.

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