Beauty startup Vanity Wagon said Friday it had raised about $2 million in pre-series funding at an $8 million valuation. The round was led by Agility Ventures Partners and Lotus Herbals Private Limited, with participation from Inflection Point Ventures, Venture Catalysts and other high-net-worth individuals (HNIs).
The Delhi-based startup will use the funding to strengthen its market position, investing in brand building, developing its brand portfolio, offline retail, technology, and marketing and sales-driven strategies.
Launched in 2018 by Naina Ruhail, Prateek Ruhail and Sahil Shrestha, Vanity Wagon claims to be India’s information-driven clean beauty ecosystem.
“Our vision is to build a sustainable heritage brand in the beauty space, and this investment will strengthen that brand. In addition, this investment will enable our omnichannel strategy, the co-owned clean beauty brand and international expansion.”
- Cabinet approves Rs 6,839 crore for Vibrant Villages Programme-II to boost border development
- ChatGPT Can Create Fake Aadhaar, PAN Cards—But Here’s Why It’s Not a Big Concern
- China to impose 34% additional tariff on all US goods from 10th April
- Rs 18,658 Crore Rail Network Boost to Strengthen Connectivity Across Three States
- Aerem Secures Rs 100 Crore Through Series A
Last year, the startup raised $1 million in its last seed funding round. Vanity Wagon said it aims to become a Rs 500 crore company within the next two years.
