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Online Beauty Brand Plum Raises $35 Million In Funding Led By A91 Partners

Mar 23, 2022over 3 years ago

Amount Raised

$35 Million

Mumbai

Description

Mumbai: Direct-to-consumer (D2C) beauty brand Plum has raised $35 million (Rs 270 crore) in fresh capital led by A91 Partners at a time when the segment has seen increased traction from investors.

Company Information

Company

Plum

Location

Mumbai, Maharashtra, India

About

The startup will use the funding to grow its omni-channel presence and accelerate expansion in categories beyond skincare, and also add new geographies. Founded in 2013, by Prasad, Plum has a portfolio of vegan, cruelty-free and toxin-free beauty products across skincare, haircare, personal care, and makeup. Plum also has three exclusive outlets in Mumbai and Chennai and plans to scale it to 12-15 outlets in the next 2-3 months.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech