Beauty tech startup Kult raises $20 million from M3M Family Office, other investors

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Beauty tech startup Kult has raised $20 million (over Rs 170 crore) from investors, including M3M Family Office, to expand business as it aims to sell products worth Rs 700 crore this fiscal year through its mobile application based platform. In a press conference on Tuesday, Kult announced that it has raised $20 million in Series A funding, led by Payal Kanodia and Aishwarya Bansal from M3M Family Office. The round also saw participation by the major investment firm, Venture Catalysts.

Founded by Karishma Singh and Ruchika Pallavi, Gurugram-based…



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Beauty tech startup Kult raises $20 million from M3M Family Office, other investors


Beauty tech startup Kult has raised $20 million (over Rs 170 crore) from investors, including M3M Family Office, to expand business as it aims to sell products worth Rs 700 crore this fiscal year through its mobile application based platform. In a press conference on Tuesday, Kult announced that it has raised $20 million in Series A funding, led by Payal Kanodia and Aishwarya Bansal from M3M Family Office. The round also saw participation by the major investment firm, Venture Catalysts.

Founded by Karishma Singh and Ruchika Pallavi, Gurugram-based…



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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