Kult Raises $20 Million in Series A Round Led by Payal Kanodia and Aishwarya Bansal
05/01/25, 5:31 AM
Location
mumbaiMoney
$20 million
Industry
beauty
fashion
e commerce
Type
partnership
Kult, founded by Karishma Khokhar, has raised $20 million in its Series A round. The round was led by Payal Kanodia and Aishwarya Bansal from the M3M Family Office, along with participation from Venture Catalysts. Kult aims to provide a diverse range of beauty products through its app, and had announced a partnership with American cosmetics company Estee Lauder in 2023.
Company Info
Location
mumbai, maharashtra, india
Additional Info
Kult is a shopping platform focused on skincare and beauty products. The beauty app leverages artificial intelligence to provide personalized skincare recommendations and an inclusive shopping experience. It features a visual catalog that showcases products suitable for a diverse range of Indian skin tones. Founded by Karishma Singh and Ruchika Pallavi, the platform aims to expand its offerings significantly and enhance its operational capabilities.