Shark Tank featured skincare brand Conscious Chemist has secured INR 1 crore in debt capital from Recur Club, as announced in a press release.
The company plans to utilize the funds to enhance its marketing initiatives, broaden its product categories, and establish offline retail outlets.
Founded in 2019 by Robin Gupta and Prakher Mathur, the brand operates in the B2C sector, offering a range of skincare products. Its catalog includes cleansers, moisturizers, sunscreens, face masks, serums, and more.
Continue Exploring: Beauty brand Conscious Chemist secures Bridge round funding from Inflection Point Ventures to accelerate growth and diversification
Robin Gupta, CEO and Co-Founder, Conscious Chemist, said, “Capital from Recur Club will enable us to execute our business plan, achieving over 50% quarter-on-quarter (Q-o-Q) growth with healthy EBITDA levels, all while retaining equity.”
The Gurugram-based company sells over 25,000 units monthly and boasts a customer base exceeding 400,000 on its platform. It is available nationwide through retail chains like Health & Glow and Shoppers Stop. Conscious Chemist also intends to bolster its online market penetration to expand its digital footprint while optimizing retail outlets.
Other significant contenders in this domain include Mamaearth, SUGAR Cosmetics, mCaffeine, Color Bar, Kay Beauty, and several others.
Continue Exploring: Mamaearth parent Honasa Consumer’s shares rally 10% on strong Q3 earnings
