Skincare Brand Conscious Chemist Raises Rs 1 Crore in Debt Capital from Recur Club

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News Update

  • By     |    February 14, 2024

Skincare brand Conscious Chemist has secured Rs 1 crore in debt capital from Recur Club. Despite being featured on Shark Tank India Season – III, the company did not secure funding from the show.

Conscious Chemist plans to utilize the funds for marketing initiatives to enhance brand visibility, diversify its product range, and establish offline retail outlets, as stated in a press release.

Founded in 2019 by Robin Gupta and Prakher Mathur, Conscious Chemist operates in the B2C space, offering a variety of skincare products including cleansers, moisturizers, sunscreens, face masks, serums, and more.

The Gurugram-based company claims to sell over 25,000 units monthly and boasts a customer base of over 4,00,000. It is currently available nationwide through retail chains such as Health & Glow and Shoppers Stop. Conscious Chemist also aims to strengthen its online presence and optimize its retail outlets.

Other major players in the skincare market include Mamaearth, SUGAR Cosmetics, mCaffeine, Color Bar, Kay Beauty, and others.

Recur Club invests in startups based on three core premises: an average revenue run rate (ARR) of at least Rs 1 crore, a six-month runway, and positive revenue growth. The company charges a fee of 0.5% from both borrowers and lenders.

In a recent interview with Entrackr, Recur’s co-founder and CEO Eklavya Gupta stated that the firm’s primary focus is to onboard 500 – 700 startups this year and deploy Rs 2,000 crore through its platform.

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Skincare Brand Conscious Chemist Raises Rs 1 Crore in Debt Capital from Recur Club


News Update

  • By     |    February 14, 2024

Skincare brand Conscious Chemist has secured Rs 1 crore in debt capital from Recur Club. Despite being featured on Shark Tank India Season – III, the company did not secure funding from the show.

Conscious Chemist plans to utilize the funds for marketing initiatives to enhance brand visibility, diversify its product range, and establish offline retail outlets, as stated in a press release.

Founded in 2019 by Robin Gupta and Prakher Mathur, Conscious Chemist operates in the B2C space, offering a variety of skincare products including cleansers, moisturizers, sunscreens, face masks, serums, and more.

The Gurugram-based company claims to sell over 25,000 units monthly and boasts a customer base of over 4,00,000. It is currently available nationwide through retail chains such as Health & Glow and Shoppers Stop. Conscious Chemist also aims to strengthen its online presence and optimize its retail outlets.

Other major players in the skincare market include Mamaearth, SUGAR Cosmetics, mCaffeine, Color Bar, Kay Beauty, and others.

Recur Club invests in startups based on three core premises: an average revenue run rate (ARR) of at least Rs 1 crore, a six-month runway, and positive revenue growth. The company charges a fee of 0.5% from both borrowers and lenders.

In a recent interview with Entrackr, Recur’s co-founder and CEO Eklavya Gupta stated that the firm’s primary focus is to onboard 500 – 700 startups this year and deploy Rs 2,000 crore through its platform.

Follow Startup Story





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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