Diksha Mittal
1 Oct 2024
ClayCo Cosmetics, a Mumbai-based skincare brand, raised $2 million in Series A funding from Unilever Ventures. Founded in 2024 by Niharika Jhunjhunwala, the brand blends ancient beauty rituals with modern science. The funds will expand its product range, boost branding, and fuel research and development efforts.
In an exciting leap forward for India’s beauty and personal care industry, Mumbai-based ClayCo Cosmetics has raised $2 million in Series A funding from Unilever Ventures. Founded in March 2024 by Niharika Jhunjhunwala, ClayCo is on a mission to blend ancient beauty rituals with modern science, offering premium skincare that resonates with today’s conscious consumers. With this fresh capital, the brand plans to expand its product line, boost brand awareness, and invest in research and development, paving the way for continued growth.
As Jhunjhunwala highlights, today’s consumers are increasingly informed and eager to invest in high-quality skincare infused with global ingredients like fermented rice, ginseng, and Cica. This funding marks a pivotal moment, not just for ClayCo, but for the entire Indian beauty and personal care sector, which is set to reach $28 billion by 2030.
With other major players like Pilgrim and Foxtale also raising significant capital this year, the future of India’s beauty market shines brighter than ever.
Source: INC42
