Nutriglow raises funds in Series A funding led by GOAT Brand Labs
Leading Indian skincare and cosmetics brand Nutriglow has raised an undisclosed amount in Series A funding from the investment group GOAT Brand Labs.
The brand will utilise the funds for the development of infrastructure, research and development (R&D) of new products, and expansion of its existing human resource capacity.
Commenting on the funding, Ashish Aggarwal, co-founder of Nutriglow in a statement said, "Nutriglow has been one of the fastest-growing homegrown companies in the beauty space in the country. Our product quality and reviews have spoken for us so far and are the reason why a bootstrapped company has been able to make a mark and now secure a decent amount of funding from our investors. The fresh funding will be used to accelerate growth, increase channel presence, expand categories, invest in marketing, and technology, and hire fresh talent. We aim to reach even the last buyer in our target group with our products and vision.”
Rishi Vasudev, co-founder CEO of GOAT Brand Labs added, “Our journey of taking Indian D2C brands global has just started. We are fortunate to partner with great founders and co-founders such as Ashish Aggarwal and Aditi Suneja of Nutriglow, on this occasion. We will continue to work closely with high potential D2C brands across the lifestyle segments and scale them to huge outcomes."
Founded in 2011, Nutriglow sells through its website and e-commerce platforms including Amazon, Flipkart, and Nykaa among others.
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