The company has raised $37 million in equity and $5 million in venture debt in this round, with nearly 50% of the funding being subscribed by BluSmart’s founders and leadership team.
Over 50% of the total capital infusion came from founders, Anmol Jaggi and Punit Goyal, themselves to increase their stake in the company, people added. This is part of the company’s Series A2 round.
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Luxury D2C skincare brand RAS Luxury Oils has raised approximately ₹12.3 crores ($1.5 million) in funding from Green Frontier Capital and other existing investors.