WOW Skin Science a Bengaluru-based beauty and personal care brand, is looking to raise $75 million in fresh capital from its new and existing investors. Mint reported that the company is planning to secure funding for a new round from Middle East and Japanese funds. The startup will raise capital at a flat valuation.
Inc42 mentioned that the startup has already appointed an investment bank Investec for fundraising rounds while KPMG is the consulting firm to conduct vendor due diligence. This Bengaluru-based D2C Skincare startup is planning to use the fund to expand in the global market and scale up its services to meet customer needs accordingly. The startup faces competition with known brands including Plum, Honasam the Ayurveda Co, and more. The startup aims to offer toxin-free products with natural ingredients to its users.
The existing investors of the Brand include Inconiq and Chryscapital. ChrysCapital previously had a 35% stake in this Bengaluru-based startup for about $50 million with a valuation of $125 million. WOW Skin Science, posted a revenue growth of about 40-50% in FY24. The increasing revenue got investors interested in the brand as the funding nears.
Rising disposable incomes, and the expansion of quick commerce and omnichannel approaches, helped the startup in this growth. WOW Skin Science is a beauty and personal care D2C startup that aims to use natural ingredients in beauty products to provide toxin-free products. The investors showed support and confidence in the immense potential of the startup’s solutions.
The startup can feel a sense of relief and confidence as the investment as the previous investments highlight the confidence of investors in the startup’s vision and potential. The brand offers around 40,000 shops across its four brands. The startup is planning to use the funding amount for market expansion.
The startup offers its products globally in some regions including the US, the European Union, and the Middle East. This continuous growth of the D2C beauty sector is helping the startup to get a boost in fundraising. This beauty startup will be using the fund to scale up operations and enhance its technology.
Conclusion :
WOW Skin Science, a beauty and personal care brand will be raising $75 million in fresh capital. The company is planning to secure funding for a new round from Middle East and Japanese funds. The startup will raise capital at a flat valuation. This Bengaluru-based D2C Skincare startup is planning to use the fund to expand in the global market and scale up its services to meet customer needs accordingly. The startup faces competition with known brands including Plum, Honasam the Ayurveda Co, and more.
The brand provides various e-commerce platforms including a website, physical retail shops, and an app to connect with its customers. The brand offers around 40,000 shops across its four brands. The startup sells skincare, hair, nutritional, bath & body products. The startup is planning to use the funding amount for market expansion. This D2C startup is known for offering the best quality products.
Image source: buywow.in
