NutriGlow raises its Series A round of funding from investment major G.O.A.T Brand Labs
- ByStartupStory | June 23, 2022
The renowned investment firm G.O.A.T Brand Labs has provided Series A funds to the Indian skincare and cosmetics company NutriGlow. The beauty brand plans to use the funding for infrastructure development, research and development (R&D) of new product ranges, and boosting its current human resource capacity. In addition to its own website, it has a significant presence on all e-retail platforms, including Amazon, Flipkart, and Nykaa.
Ashish Aggarwal, the co-founder of NutriGlow said, “Beauty today is not just a luxury, but also a need. In addition to meeting their evident fundamental expectations, consumers today ask for innovation and price integrity in skincare products that are efficacy-based. Together with our clients, we are building a brand-new world where beauty is both inexpensive and rational, as well as environmentally friendly.”
Rishi Vasudev, co-founder and CEO of G.O.A.T Brand Labs stated, “Our adventure of taking Indian D2C businesses globally has just begun. On this occasion, we are privileged to collaborate with outstanding entrepreneurs and co-founders like NutriGlow’s Ashish Aggarwal and Aditi Suneja. We will keep collaborating closely with high-potential D2C businesses in the lifestyle categories and scale them for significant results.”
In addition to spending money to improve its product as part of its development goals, NutriGlow will spend money building a facility for non-human intervention in Greater Noida. To achieve the brand’s ambition for product development and innovation within the beauty industry in India, the factory would be furnished with the best-in-class resources.
Additionally, the company intends to extend its product line and introduce new verticals. It presently produces its high-tech, natural and organic cosmetics and grooming lines for males. It distinguishes itself from the competition with eco-friendly packaging, natural and organic ingredients, vegan-friendly and paraben-free formulations, and high-quality products that combine the best of nature and science at consumer-friendly prices.
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