Panthera Growth Partners’ Post

Skincare brand Asaya secures $1.5 million in seed funding Asaya, a premium skincare brand focused on products for melanin-rich skin, has raised 12 Crores (US$ 1.5 million) in seed funding. This funding round was led by OTP Ventures and Huddle Ventures, with additional investments from Eternal Capital. Neeraj Biyani Mandeep Singh Bhatia Wellspring Consumer Private Limited Eeti Sharma OTP Ventures Huddle Ventures Eternal Capital (India) India Fashion Forum Anjali Sondhi Nikhil Behl Lokesh Chopra #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates #VeganSkincare #IndianSkincare #SkincareMarket #Beauty #IndianBeauty

SkinInspired, co-founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, has secured Rs 12.25 crore (approximately $1.5 million) in seed funding led by Unilever Ventures, with participation from Arjun Vaidya, co-founder of Dr. Vaidya's. The funding aims to fuel research and development, strategic marketing, and market expansion efforts for their range of skincare products. Known for their innovative refillable skincare line, SkinInspired features products like face wash, face serum, sunscreen, and moisturizer, designed for sustainability and efficacy preservation. #SkinInspired #UnileverVentures #SeedFunding #SkincareInnovation #SustainableBeauty #PiyushJain #DrPrashantAgrawal #ArjunVaidya #DrVaidyas #IndianSkincare #BeautyIndustry #ResearchAndDevelopment #MarketExpansion #startup77

Premium skincare brand Asaya has raised Rs. 12 crore ($1.5 million) in seed funding. Wellspring Consumer Private Limited | Neeraj Biyani | Mandeep Singh Bhatia | Eeti Sharma Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing #asaya #funding #skincarebrandasaya

🌟 Funding Alert: Asaya Raises Rs 12 Crore to Transform Skincare for Melanin-Rich Skin! 🌟 We are thrilled to announce that Asaya, a premium skincare brand specializing in products for melanin-rich skin, has successfully raised Rs 12 crore (approximately $1.5 million) in a seed funding round. The investment was led by OTP Ventures, founded by former BharatPe CEO Suhail Sameer, alongside Huddle Ventures and Eternal Capital (India). 🔍 About Asaya: Founded in September 2023 by industry veterans Neeraj Biyani, Mandeep Singh Bhatia , and Eeti Sharma, Asaya has quickly made its mark in the skincare industry. The brand is dedicated to creating high-performance products that cater specifically to the unique needs of melanin-rich skin. Asaya offers over 11 products and 23 SKUs, available on its website and popular online retail platforms like Nykaa, Amazon, Flipkart, and Myntra. 💡 Funding Details: The newly secured funds will be strategically utilized to: - Advance melanin-centric research and product development - Enhance market reach and increase awareness about melanin-specific skincare needs - Expand product availability across various marketplaces and pin codes In just over ten months, Asaya has built a loyal customer base, validating the demand for targeted skincare solutions. With this funding, Asaya aims to grow from 20,000 to over 250,000 consumers in the next 12 months, significantly boosting its market presence. 🌱 Aspirants Space Encouragement: At Aspirants Space ( https://lnkd.in/gYkc-Ni8) , we are excited to support Asaya ’s vision and encourage them to leverage our services to attract top-tier talent. Together, we can drive innovation and achieve remarkable success in the skincare industry. 👉 Join the Journey: Share this exciting news within your network and stay tuned for more updates on Asaya’s journey towards revolutionizing skincare for melanin-rich skin. Source : https://lnkd.in/dzxtw325 #AspirantsNews #Skincare #Funding #MelaninRichSkin #Asaya #OTPVentures #HuddleVentures #EternalCapital #StartupGrowth #InvestmentNews

Asaya has launched MelaMe, a groundbreaking proprietary technology, and formula designed to address hyperpigmentation specifically in Indian skin tones. Born from two years of meticulous research and a significant investment of US$50,000 in seed funding, this innovation stands as a first-of-its-kind solution to tackle common skin concerns. Read more: https://lnkd.in/gXrZyqp9 Eeti Sharma, Co-Founder, Asaya #retail #business #market #news #update #skincare #brand #expansion  #beauty #wellness Neeraj Biyani| Nandini Ganguly| Mandeep Singh Bhatia| Yash Raut| Jobin Jose

Foxtale, a direct-to-consumer (D2C) skincare startup, has raised $18 million (approximately INR 150 crore) in its Series B funding round. Led by Singapore-based Panthera Growth Partners, the investment also saw continued support from existing backers Matrix Partners India and Kae Capital. Founder and CEO Romita Mazumdar revealed that the Mumbai-based startup intends to utilize the new funds to broaden its digital presence and introduce additional categories into its product portfolio. Established in 2021, Foxtale specializes in tailored skincare solutions designed to combat a range of skin issues, including acne, aging, and hyperpigmentation, among others. Foxtale offers an extensive array of skincare items, including serums, masks, moisturizers, face washes, and sunscreens. These products are available for purchase on Foxtale's website, various online marketplaces, and select offline stores. Read full story here: https://lnkd.in/gBPRrKxv #funding #skincare #startups #growth #expansion Ashu Agrawal

#D2C skincare startup Foxtale has raised $18 Mn (around INR 150 Cr) in its Series B funding round led by Panthera Growth Partners. The Mumbai-based startup plans to use the fresh capital to expand its digital footprint and introduce newer categories in its product portfolio. Founded by former investment banker and venture capitalist Romita Mazumdar in 2021, Foxtale provides targeted skincare solutions to address a variety of skin concerns, such as acne, ageing and hyperpigmentation among others. Read more at Inc42 Media Romita Mazumdar #skincare #bpc #startups #funding

🧴 Skincare Brand Asaya Secures Seed Funding from OTP Ventures and Others. In a notable development, Asaya, an emerging skincare brand, has raised seed funding to expand its product line and market reach. 💰 Funding Boost: - Asaya has successfully secured seed funding from OTP Ventures and other investors. - The exact amount of the funding round has not been disclosed. 🚀 Strategic Objectives: - The seed funding will be used to scale up Asaya's operations, enhance its product offerings, and increase its presence in the skincare market. - Asaya aims to leverage this capital to innovate and develop new skincare solutions tailored to diverse consumer needs. 🌿 Product Innovation: - Asaya focuses on creating high-quality, natural skincare products that cater to various skin types and concerns. - The funding will support research and development efforts, allowing Asaya to introduce new and improved products to its lineup. 📈 Market Impact: - The infusion of capital is expected to help Asaya capture a larger share of the competitive skincare market. - With increased resources, Asaya plans to boost its marketing efforts, expand its distribution channels, and enhance customer engagement. 🌐 Industry Benefits: - Asaya’s growth can drive further innovation in the skincare industry, encouraging the development of effective, natural products. - The brand’s success could set new standards for quality and sustainability in skincare, benefiting consumers and the industry as a whole. 📅 Future Outlook: - With the backing of OTP Ventures and other investors, Asaya is poised for significant growth and expansion. - The company plans to continue its focus on delivering high-quality, natural skincare products while exploring new markets and opportunities. Asaya's seed funding round marks an important step in its journey to becoming a leading player in the skincare industry, driving innovation and growth with the support of strategic investors. Asaya #Asaya #SeedFunding #Skincare #OTPVentures #NaturalProducts #Innovation #BeautyIndustry #StartUpNews #BusinessNews #MicroShots #NewsUpdates

#Skincare sector has garnered quite some interest from #privateequity firms lately. Here's a deep dive into the driving factors behind this interest, featuring insights from Innova Capital's Leszek Muzyczyszyn, PAI Partners' Raffaele Vitale and Raymond James' Evan Merali. Skincare’s particular attractiveness stems from its #highmargin as a business, Merali said, adding that “there’s minimal capex required because a lot of the manufacturing in the space is outsourced and doesn’t require a lot of capex to sell the brands and the products into retailers”. It is also a cash-generative segment. Read the full feature for more on the sector, including why the segment is performing particularly strongly in Innova Capital’s home market of central and eastern Europe.

🚀 Exciting News from Foxtale! 🚀 📢 Foxtale, a Mumbai-based D2C skincare brand, has successfully raised $18 million in its Series B funding round led by Singapore-based Panthera Growth Partners. The round also saw participation from existing investors, including Matrix Partners India and Kae Capital. About Foxtale: Founded in 2021 by Romita Mazumdar, Foxtale offers affordable skincare products tailored for Indian skin types, addressing common issues such as acne, ageing, and hyperpigmentation. The brand has quickly gained popularity for its innovative and effective solutions. Funding Details: Amount Raised: $18 million Lead Investor: Panthera Growth Partners Other Investors: Matrix Partners India, Kae Capital Purpose of Fundraising: Expand digital presence and introduce new product categories Growth and Innovation: The funds will be used to bolster Foxtale's digital presence and expand its product offerings. Foxtale's commitment to product innovation and customer satisfaction has positioned it as a leading skincare brand in India. Shilpa Kulkarni of Panthera Growth Partners shared, "As a growth equity investor focused on building profitable scalable businesses, we are thrilled to partner with Foxtale. Romita and her team have built an incredible business in a short time with a sharp focus on product and innovation. We are excited to support them on their ambitious growth journey." Market Insight: The Indian skincare market is growing rapidly, with increasing demand for products that cater to specific skin types and issues. Foxtale's focus on affordable and effective solutions makes it well-positioned to capture a significant share of this expanding market. Looking Ahead: Foxtale is set for accelerated growth with its new funding. By expanding its digital footprint and diversifying its product range, Foxtale aims to reach more customers and continue its mission of providing high-quality skincare solutions. 👉 At Aspirants Space ( https://lnkd.in/gYkc-Ni8 ), we are excited to see Foxtale's continued success and encourage them to hire top aspirants who will contribute to their mission of revolutionizing skincare in India. 📣 Aspirants Space Encouragement : Celebrate Foxtale's achievements and support their mission. Share this post, spread the word, and help more people benefit from innovative skincare solutions. Source : https://lnkd.in/es7hb9Nz #AspirantsNews #Skincare #StartupFunding #Foxtale #Innovation #Growth #D2C #BeautyIndustry #DigitalExpansion #ProductInnovation