CNBC-TV18

Foxtale, a direct to consumer (D2C) skincare brand, has raised $18 million (around Rs 150 crore) in a round led by Singapore-based Panthera Growth Partners, as investors continue to back new-age cosmetic companies.

Existing investors like Matrix Partners India and Kae Capital also participated in the round, the company said on June 12.

While $14 million is in the form of primary capital, the remaining $4 million is secondary transactions, giving an exit to early investors. Cred’s Kunal Shah and Cloudnine Hospital’s Rohit MA are a few of the company’s early investors.

The funding comes at a time when investors are lining up to back new-age companies in the skincare space. Deepika Padukone’s 82° East is preparing to raise around $6.3 million from investors and CHOSEN raised $1.2 million from friends and family. In 2023, Pilgrim raised $20 million from Vertex Ventures to double down on skincare categories.


#foxtale #startupnews #startupstreet #funding #cnbctv18

D2C Skincare Brand Foxtale Raises $18 Million In Series B Round

Mattress & Furniture maker Wakefit Co unveils AI-powered sleep solutions! Co-Founder Chaitanya Ramalingegowda tells Ritu Singh
 Aim to launch more AI-powered products in 2 years
Wakefit is profitable & not in need of capital! 

#wakefit #sleep #wakefitmattress #AI #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish 

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Mattress & Furniture Maker Wakefit Unveils AI-powered Sleep Solutions | CNBC TV18

AI-powered, low-code test automation platform, testsigma  helps quality engg teams to automate tests at speed and scale without #coding expertise! Rukmangada tells Shruti Mishra
 and Arundathi Ram how he plans to utilize the $8.2M raised in Series A funding!

#testsigma #aipowered #startupnews #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish 

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AI-Powered, Low-Code Test Automation Platform Testsigma Raised $8.2M In Series A Funding

Get ready for India's first EV startup IPO! Sources tell CNBC-TV18 that Electric 2-Wheeler maker Ola Electric has received SEBI's approval to hit D-Street. The public listing could happen within a month. Parikshit Luthra with the details. 

 #IPO #DStreet #markets #Ola#cnbctv18 #businessnewsinenglish #businessnewstoday #businessnewsinenglish 

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Ola Electric Gets SEBI Approval For ₹7,250 Cr IPO | CNBC TV18

Zypp Electric raises $15 M in a Series C Round. Co-Founder & CEO Akash Gupta tells 
Arundathi Ram
 Ola's IPO a big boost for India's EV sector
Company's IPO roadmap: 18-24 months
 Aims to turn EBITDA profitable in 6-8 months

#ZyppElectric #funding #profitable #IPO #cnbctv18 #businessnewsinenglish #businessnewstoday #businessnewsinenglish 

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Zypp Electric Gets $15 M; Plans To Expand Into New Markets | CNBC TV18

EV-maker, Euler Motor closes its Series C funding round; Raises additional Rs 200 Cr! Saurav Kumar talks to Shruti Mishra about scaling Euler Motors' pan-India presence & servicing infrastructure and the new variants in the pipeline.

#ev #eulermotor #startupnews #cnbctv18 #businessnewsinenglish #businessnewstoday #businessnewsinenglish 

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EV Manufacturer Euler Motors Raises ₹200 Cr In Its Series C Round | CNBC TV18

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