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…
