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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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Related News
Grapevine: ChrysCapital, Wow Skin Science, Carlyle, and Strata Geosystems in news
VCCircle
·
6m 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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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
·
6m 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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Can CHOSEN Rewrite India’s Beauty Playbook With Its Patented Skincare Solutions & LED Tech?
Inc42
·
10m ago
Medial
India's direct-to-consumer (D2C) beauty and personal care (BPC) industry has seen the rise of successful brands like Mamaearth, mCaffeine, and WoW Skin Science. CHOSEN by Dermatology, founded by Dr. Geetika Mittal Gupta, has joined the ranks. The brand offers tech-led skincare solutions based on Dr. Gupta's expertise in dermatology. CHOSEN focuses on creating smaller, more accessible versions of traditional skincare products, catering specifically to Indian skin. Despite production capacity constraints in 2023, the brand is actively acquiring more facilities to address stock shortages and support scaling. Other notable players in the D2C BPC space include Minimalist and Nykaa.
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Beyond Product-Market Fit: Navigating the Growth vs. Profitability Conundrum at ET Soonicorns Summit
Economic Times
·
8d ago
Medial
Top industry leaders at the ET Soonicorns Summit explored the dual challenge of balancing rapid growth and sustainable profitability for startups beyond product-market fit. Panelists included Maxson Lewis of Magenta Mobility, Amitabh Saran of Altigreen, Hemanth Vasudevan from Ninjacart, Vanda Ferrao of WOW Skin Science, Vinod Changaramkandam of Medfin, Ankit Taparia from Yulu, and Abhishek Sudhakar from Captain Fresh. They shared strategies addressing this ongoing challenge in the startup ecosystem.
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D2C beauty brand Pilgrim raises 200 crore in a mix of primary, secondary funding
Economic Times
·
4m ago
Medial
Pilgrim, a D2C beauty and personal care brand, secured Rs 200 crore in funding led by the Narotam Sekhsaria Family Office. With contributions from Vertex Ventures, Sattva Family Office, and others, this round positions Pilgrim at a Rs 3,000 crore valuation. Pilgrim aims to expand offline distribution, boost R&D, and enhance its omnichannel presence, targeting a Rs 1,000 crore revenue run rate by 2025. It competes with brands like Mamaearth and Wow Skin Science.
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D2C skincare brand Foxtale raises $30 Mn
Entrackr
·
6m ago
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.
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Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah
Entrackr
·
3m ago
Medial
Wow! Momo has reportedly raised Rs 130–150 crore in a bridge funding round led by Kamal Agrawal from the Haldiram promoter family and Malaysian fund Khazanah Nasional. Economic Times, which reported the development first, added that the funding is structured through convertible notes, with the valuation to be decided in the next round. According to the report, the Kolkata-based quick service restaurant chain is planning to raise $75–80 million (about Rs 600–700 crore) in its next funding round, expected to close in the October–December quarter of 2025. Wow! Momo has raised over Rs 600 crore to date including $42 million (Rs 350 crore) in its Series D led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. Other investors in the current round include family offices and high-net-worth individuals. Agrawal was earlier linked to the Nagpur unit of Haldiram, which later merged with its Delhi counterpart. Wow! Momo operates under four brands: Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. It runs 680 outlets and plans to add 200–250 more by next year. As per TheKredible, Wow! Momo’s revenue from operations grew to Rs 470 crore in the last fiscal year from Rs 413 crore in FY23. It maintained steady losses at Rs 114 crore in FY24. The company is also growing its FMCG business, with frozen momos generating Rs 5 crore in monthly sales, mainly through quick commerce platforms.
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