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ClayCo Cosmetics raised $2 million in a Series A funding round led by Unilever Ventures to expand its product portfolio and support branding efforts.

Oct 01, 2024about 1 year ago

Amount Raised

$2 Million

Round Type

series a

MumbaiCosmeticsBeautyRetailE Commerce

Investors

Unilever Ventures

Description

ClayCo Cosmetics, a skincare brand launched in March, has secured $2 million in a Series A funding round led by Unilever Ventures. The funds will be used for expanding its product portfolio and enhancing various branding and promotional efforts.

Company Information

Company

ClayCo Cosmetics

Location

Mumbai, Maharashtra, India

About

ClayCo Cosmetics is a skincare brand that focuses on blending natural ingredients with modern technology. Launched in March by Niharika Jhunjhunwala, it aims to draw inspiration from ancient traditions and global cultures. Their debut collection, 'Rituals of Japan,' includes a variety of products such as cleansers and moisturizers. The brand's flagship product, the Rice and Sake Sleep Mask, has become a best-seller on major e-commerce platforms.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers