Total amount raised
$124.9 Millions
Latest funding date
5/1/2022
Location
WOW Skin Science has successfully raised funding through private equity, attracting investments from notable firms such as GIC and Chrys Capital. The company offers a diverse range of personal care and wellness products, including skin care, hair care, and nutrition items.
Keep reading to explore the intricacies of WOW Skin Science's fundraising journey and the investors backing this innovative brand.
What Is WOW Skin Science?
Founded in 2014, WOW Skin Science is a wellness and beauty brand based in Bengaluru, Karnataka, India. The company was established by Karan Chowdhary and Manish Chowdhary.
WOW Skin Science offers a wide range of personal care products, including toxin-free facial care items, face washes, face masks, scrubs, conditioners, body lotions, and massage oils. Their products are available on e-commerce platforms, their official website, and in brick-and-mortar stores.
With a workforce of 501-1000 employees, WOW Skin Science continues to grow, focusing on providing affordable, high-quality personal care solutions.
How Much Funding Has WOW Skin Science Raised?
- Amount Raised: ₹3.7B (approximately $50M)
- Date: April 2021
- Lead Investors: Chrys Capital
- Valuation at Round: ₹900 crore (approximately $120M)
- Motivation Behind the Round: To scale the business, expand market reach, and enhance product offerings.
- Amount Raised: $75M
- Date: May 2022
- Lead Investors: GIC
- Valuation at Round: $400–$420M (estimated)
- Motivation Behind the Round: For brand development, talent resourcing, and innovation acceleration through organic and inorganic investments.
Total Amount Raised: $125M. Current Valuation: $400–$420M (estimated).
Key Investors
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage the country's foreign reserves. It is one of the world's largest global investors.
- Investment Focus Areas: Equities, fixed income, real estate, private equity, infrastructure.
- Notable Investments: Alibaba, Blackstone, UBS.
- ChrysCapital
- Details: ChrysCapital is a leading private equity firm based in India, known for its significant investments in various sectors. The firm has a strong track record of successful investments.
- Investment Focus Areas: Business services, financial services, pharmaceuticals, consumer goods, information technology.
- Notable Investments: Infosys, Mankind Pharma, Intas Pharmaceuticals.
What's Next for WOW Skin Science?
WOW Skin Science is poised to capitalize on the growing demand for toxin-free, natural ingredient-based beauty products. With $75 million in funding from GIC, the company plans to enhance its brand presence, expand product lines, and drive innovation through both organic and inorganic investments. This substantial financial backing positions WOW Skin Science to attract top talent and improve operational capabilities, setting the stage for significant market penetration.
Future fundraising opportunities appear promising, as the involvement of major investors like GIC and ChrysCapital suggests continued interest from institutional investors. However, the company will need to navigate intense competition from other D2C beauty brands and maintain product quality while scaling operations. Balancing sustainable practices with growth will be crucial for WOW Skin Science as it aims to become a globally recognized brand.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like WOW Skin Science and gather other critical business insights. Sign up for free today and elevate your sales strategy with the power of detailed, actionable information.
