The Startup India Insight
Filed inTweetShareRead later

SkinInspired Secured INR 12.2 Cr Seed Funding for Expansion

15 July, 20243 min read

Recently SkinInspired comes in headlines when it secured INR 12.2 Cr  in a seed funding round.

This seed funding round mainly led by Unilever Ventures, but also saw participation of other angle investors.

Advertisement

Some of these other angle investors are like Dr Vaidya co-founder Arjun Vaidya etc.

Expansion Plans

The fresh capital will channeled into research and development (R&D) and brand marketing.

SkinInspired aims to enhance its product offerings and strengthen its market presence through these strategic investments.

About SkinInspired

Founded in 2022 by Piyush Jain and Prashant Agarwal, SkinInspired is committed to delivering high-performance skincare solutions.

The brand is known for its safety and efficacy, boasting multiple proprietary active ingredient blends.

The Seed Funding Round

Unilever Ventures, a key player in the investment round, has shown significant confidence in SkinInspired’s potential.

This funding will support the startup's ambitions and fuel its growth trajectory.

Advertisement

Investor Confidence

The participation of prominent angel investors, including Arjun Vaidya, further underscores the belief in SkinInspired’s innovative approach to skincare.

This collective investment reflects a robust endorsement of the brand’s vision and growth prospects.

Utilization of Funds

SkinInspired plans to utilize the funds to drive its R&D efforts.

By investing in research, the startup aims to develop new and improved formulations that cater to diverse skincare needs.

Additionally, a portion of the funds will be allocated to brand marketing to increase visibility and customer engagement.

Research and Development

The emphasis on R&D is pivotal for SkinInspired’s growth.

By innovating and enhancing product formulations, the brand seeks to stay ahead in the competitive skincare market.

The development of new blends of active ingredients will be central to this strategy.

Brand Marketing

Brand marketing will play a crucial role in SkinInspired’s expansion plans.

The startup intends to build a strong brand presence through targeted marketing campaigns.

This will help in reaching a broader audience and establishing a loyal customer base.

The Founders Vision

The founders of SkinInspired (Piyush Jain and Prashant Agarwal) have a clear vision toward brand.

Their focus on safety, efficacy, and innovation sets SkinInspired apart in the skincare industry. The seed funding will enable them to realize their vision and drive the brand’s growth.

Commitment to Safety and Efficacy

SkinInspired committed toward safety and efficacy, which is part of its brand philosophy.

The proprietary active ingredient blends designed to deliver high-performance results without compromising on safety.

Innovative Formulations

Innovation is at the heart of SkinInspired’s product development.

The brand’s unique formulations are a testament to its dedication to providing effective skincare solutions.

This focus on innovation will continue to drive SkinInspired’s growth and success.

Summary

In summary, SkinInspired recently secured seed funding of INR 12.2 Cr and marks a significant milestone in its journey.

With the backing of Unilever Ventures and prominent angel investors, the startup is well-positioned to expand its R&D capabilities and strengthen its brand presence.

The founders’ commitment to innovation and efficacy will undoubtedly propel SkinInspired towards greater heights in the skincare industry.


Leave a Reply

Your email address will not be published.Required fields are marked *

*

*