Foxtale raises $18M in Series B funding led by Panthera Growth Partners to expand digital footprint and introduce new product categories
Jun 12, 2024•about 1 year ago
Amount Raised
$18 Million
Round Type
series b
MumbaiCosmeticsBeautyHealth CareE CommerceInvestors
Kae CapitalMatrix Partners IndiaPanthera Growth Partners
Description
D2C skincare brand Foxtale has raised $18 million (approx. Rs 150 crore) in its Series B round of funding, led by Singapore-based Panthera Growth Partners. The round also saw participation from the company’s existing backers Matrix Partners India and Kae Capital. The brand will be deploying the fresh round of funds towards expanding its digital footprint and introducing newer categories in its portfolio of products.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech