Post deal, the startup’s valuation is being pegged at $ 2.5 million (roughly Rs 18.75 crore), stated a press assertion issued by the corporate.
Self funded up to now by way of inner sources and thru operations, the startup has been offering 100 plus skincare merchandise since 2014.
Veda Corp are onboard as their monetary advisors.
According to Juicy Chemistry co-founder Pritesh Asher, the funds might be used to improve the manufacturing facility and strengthen their provide chain within the coming months.
“We may also be rising our workforce to cater to the rise in demand for our merchandise. We have additionally earmarked funds to extend our advertising and marketing price range each on and offline mediums,” Asher added.
Going ahead, the startup additionally plans to introduce newer choices, stated Megha Asher, co-founder, Juicy Chemistry.
Juicy Chemistry is an Indian model with an entire licensed natural merchandise vary by Ecocert (France) in accordance with COSMOS V3 Standard. They are minimally packaged with recycled and recyclable supplies. Their product vary contains cleansers, moisturizers, floral waters, connoisseur soaps, hair masques, child therapeutic massage oil, chilly pressed oils and lots of extra.