Personal care brand Kimirica raises $15 million in round led by Carnelian Asset Management

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Personal care brand Kimirica has raised $15 million in a funding round led by Carnelian Asset Management.

According to cofounder Mohit Jain, the funds will be used for brand building, expanding the customer base, product development, and offline expansion.

Founded in 2013 by Mohit, Rajat, Kimi, and Rica Jain, the Indore, Madhya Pradesh-based company has expanded into the direct-to-consumer (D2C) retail segment and plans to launch more than 10 experiential stores across India and the Middle East.

The brand is also present on ecommerce and quick commerce…



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Personal care brand Kimirica raises $15 million in round led by Carnelian Asset Management



Personal care brand Kimirica has raised $15 million in a funding round led by Carnelian Asset Management.

According to cofounder Mohit Jain, the funds will be used for brand building, expanding the customer base, product development, and offline expansion.

Founded in 2013 by Mohit, Rajat, Kimi, and Rica Jain, the Indore, Madhya Pradesh-based company has expanded into the direct-to-consumer (D2C) retail segment and plans to launch more than 10 experiential stores across India and the Middle East.

The brand is also present on ecommerce and quick commerce…



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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