Total amount raised
$124.9 Million
Latest funding date
5/1/2022
Location
WOW Skin Science has successfully raised funds through two private equity rounds, attracting investments from GIC and ChrysCapital. The company is known for its toxin-free facial care products, positioning itself within the beauty and wellness industry.
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?
WOW Skin Science is a wellness and beauty brand based in Bengaluru, Karnataka, India. The company specializes in offering toxin-free facial care products and operates within the beauty, consumer goods, lifestyle, retail, and wellness industries.
With an employee count ranging from 501 to 1000, WOW Skin Science has established itself as a significant player in the market. The company has successfully raised funds through private equity, attracting investments from GIC and ChrysCapital.
How Much Funding Has WOW Skin Science Raised?
- Amount Raised: USD 48,000,000
- Date: May 2022
- Lead Investors: GIC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in brand development, talent resourcing, and innovation acceleration through both organic launches and select inorganic investments.
- Amount Raised: USD 50,000,000
- Date: April 2021
- Lead Investors: ChrysCapital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion.
Total Amount Raised: USD 98,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage Singapore's foreign reserves. It is known for making significant investments globally.
- Investment Focus Areas: Real estate, private equity, infrastructure
- Notable Investments: UBS, Citigroup, Blackstone
- ChrysCapital
- Details: ChrysCapital is a leading private equity firm based in India, known for its investments in growth sectors. It has been instrumental in WOW Skin Science’s growth journey.
- Investment Focus Areas: Financial services, healthcare, consumer goods
- Notable Investments: Mankind Pharma, Hero FinCorp, Intas Pharmaceuticals
What's Next for WOW Skin Science?
WOW Skin Science is poised for significant growth, driven by a $75 million investment from GIC. This funding will be channeled into brand development, talent resourcing, and accelerating innovation through both organic launches and selective inorganic investments. The company is well-positioned to capitalize on the increasing consumer preference for toxin-free and natural ingredient-based beauty products, a trend that continues to gain momentum.
Future fundraising opportunities appear promising, with potential for additional investments from existing backers like ChrysCapital. This financial support could further scale operations and enhance product offerings. However, WOW Skin Science will need to navigate challenges such as intense market competition and maintaining product quality while scaling operations. The company's commitment to sustainable packaging and green initiatives also presents both opportunities and hurdles as it strives to meet consumer expectations and environmental standards.
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