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Asaya raises Rs 12 crore in seed funding led by OTP Ventures and Huddle Ventures

Jun 20, 2024about 1 year ago

Amount Raised

₹120 Million

Round Type

seed

BengaluruWellnessBeauty

Investors

Eternal CapitalHuddle VenturesOtp Ventures

Description

Skincare startup Asaya has raised Rs 12 crore in seed funding led by OTP Ventures and Huddle Ventures, with additional investments from Eternal Capital. The fresh funds will be utilized towards research and development of more products that cater to melanin-specific needs, besides enhancing market reach.

Company Information

Company

Asaya

Location

Bengaluru, Karnataka, India

About

Skincare today tells us what our skin should look like, without asking what it needs. Melanin -- which gives our skin our distinct hues, just as it protects us from our distinct climatic conditions – is what makes our skin different and unique. And melanin-rich skin, like yours and mine, has remained a footnote in the vast conversation of skincare. In an industry that blankets and erases all skin-types with beauty standards of the West, Asaya steps out of the shadows, and into the light. Asaya is our range of melanin-first skincare. Made with science, researched with rigour, crafted with love and kindness — our offerings stand in sharp contrast against the grain of generic solutions and formulations. We use our keen understanding of melanin and its highly specific needs to create specialty products that bring together the finest natural actives and dermatological excellence from the world over.

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Funding Insights

Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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