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ChrysCapital invests $50mn in WOW Skin Science for significant minority stake

ChrysCapital invests $50mn in WOW Skin Science for significant minority stake
Thu, Apr 8 2021 12:51 IST
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Investment.. Image Source: IANS News
New Delhi, April 8 : WOW Skin Science India Limited, a leading new-age personal care brand, has announced that ChrysCapital, a leading India-focused private equity firm, has agreed to invest $50 million in the company for a significant minority stake.
The transaction is a combination of a primary raise by the Company for growth initiatives, and a secondary sale by existing shareholders.
Founded in 2014 by brothers Manish and Karan Chowdhary, WOW Skin Science is one of India s fastest growing new-age beauty and personal care companies available across e-commerce platforms, its own website, as well as brick-and-mortar stores. ....

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New Delhi, April 8 (IANS) WOW Skin Science India Limited, a leading new-age personal care brand, has announced that ChrysCapital, a leading India-focused private equity firm, has agreed to invest $50 million in the company for a significant minority stake.
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Update: 08-April-2021 ....

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India: ChrysCapital to invest $50m for a significant minority stake in WOW Skin Science

India: ChrysCapital to invest $50m for a significant minority stake in WOW Skin Science
Photo: Pixabay
April 8, 2021
Homegrown private equity firm ChrysCapital is investing $50 million for a significant minority stake in personal care brand WOW Skin Science India Limited.
The transaction is a combination of a primary raise by the company for growth initiatives, and a secondary sale by existing shareholders, WOW said in a statement on Thursday.
On partnering with ChrysCapital, Manish Chowdhary, co-founder of WOW, said, “The foundation of this relationship is our shared goal of creating sustainable value at WOW by creating a house of brands, accelerating growth, hiring talent, institutionalising the organisation, and expanding WOW’s presence in the beauty and personal care category. We also look forward to working closely with Enhancin, ChrysCapital’s portfolio operations group, to achieve these goals.” ....

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