Hair Originals raises $1.25 million from Anicut Capital, others
Luxury hair extensions brand Hair Originals has raised $1.25 million (Rs 10 crore) in a funding round led by Anicut Capital, Kesh Kala Family Office, Jito Angel Network, Lets Venture, Dexter Angels, Pankaj Chaddah, and Ahana Gupta.
The company will utilise the funds to scale business operations, expansion and launch of direct-to-consumer (D2C) services in the US market.
Commenting on the funding, Jitendra Sharma, founder CEO of Hair Originals in a statement said, “We are excited to have raised such encouraging funding at this juncture of our journey. We have been registering around 4 times growth YoY in the last 3 years with profitability. With the continuous support from our investors, we anticipate achieving 100 crore ARR by the end of 2024 with a sizable percentage coming from the US D2C markets too.”
Pooja Mehta, chief investment officer at Jito Angel Network added, “We are proud to add this unique and ethical hair solutions provider to our portfolio. We expect Hair Originals to not just tap the national market but cater to the growing demand for hair extensions globally. We are especially drawn to the company's ethical procurement philosophy and hope for a long and fruitful association.”
Founded in 2019, Hair Originals currently exports its products to over 22 countries, including top luxury salons across the US, Europe, and Africa.
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