Winston obtains a funding of 1 crore rupees from Shark Tank
Winston, a new personal care brand that combines technology with at-home salon treatments, secured 1 crore Rupees during its appearance on the second season of Shark Tank. The beauty company has received funding from investors Anupam Mittal and Vineeta Singh in exchange for a 10% equity stake, valued at Rs 10 crore.
Himanshu Adlakha, Founder Winston, said, “It’s a great start of the year where the funding update aided us in driving the traffic for our website leading to a 300% increase in the sales. It is the maximum we have achieved since we launched our brand in 2021. The daily traffic jumped to 114%, which is the highest for our brand. Our revenue & turnover for last month was 62.5L and post Shark Tank, it has increased 1.5Cr in January 2023.”
Further talking about the allocation of funding received, he adds, “The funding raised will be allocated towards the strategy and the growth of the brand, catering to Digital Marketing, an e-commerce marketplace, Talent acquisition, Celebrity endorsement, ERP and logistics solution and miscellaneous.”
In 2021, Winston India was established with the aim of transforming the perception of personal care for women. The brand offers cutting-edge technology-based products that allow individuals to achieve professional beauty results in the comfort of their own homes. Its product line ranges from facial care to body care and includes top-notch appliances such as epilators, eyebrow trimmers, blackhead removers, hair stylers, and more, to enhance your beauty and revitalize your appearance.
Follow Startup Story
Related Posts
