Kult raises $20 million in a Series A funding round led by Payal Kanodia and Aishwarya Bansal. The funding will help them expand operations and introduce new products.
Kult raises $20 million in a Series A funding round led by Payal Kanodia and Aishwarya Bansal. The funding will help them expand operations and introduce new products.
04/29/25, 7:46 PM
Location
mumbaiMoney raised
$20 million
Industry
beauty
fashion
e commerce
Round Type
series a
Investors
Venture Catalysts, Aishwarya Bansal, Payal Kanodia
Kult, a shopping platform focused on skincare and beauty products, has raised $20 million in a Series A funding round. The round was led by Payal Kanodia and Aishwarya Bansal from the M3M family office, with participation from Venture Catalysts. The company plans to scale operations by introducing 700 premium international products and processing over 10,000 orders per day by the end of 2025. Kult aims to expand its team significantly as part of its growth strategy.
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.