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Private equity firm ChrysCapital has invested $50 million in WOW Skin Science India, provider of new-age personal care brand in India, 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 brands available across e-commerce platforms, with its own website, as well as brick-and-mortar stores, said the company. “We are extremely pleased to announce ChrysCapital’s investment in WOW, and welcome ChrysCapital to the WOW Skin Science family. We are excited to build a long-term, and mutually beneficial, partnership with ChrysCapital over the coming years. 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, instit ....
ChrysCapital to invest $50 mn in WOW Skin Science PTI New Delhi | Updated on April 09, 2021 × From being a digital-first brand, the company’s eyeing to become the number one brand in the toxin-free space within the FMCG sector Personal care brand WOW Skin Science on Friday said India-focused private equity firm ChrysCapital will invest 50 million (around ₹373 crore) in the company for a significant minority stake. “ChrysCapital 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,” WOW Skin Science said in a statement. ....
ChrysCapital invests $50mn in WOW Skin Science for significant minority stake Thu, Apr 8 2021 12:51 IST | 5 Views 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. ....
[Funding alert] ChrysCapital invests $50M in D2C brand WOW Skin Science India-focused PE firm ChrysCapital will invest $50 million in WOW Skin Science for a significant minority stake. The D2C brand will use the funds to maintain its growth momentum. 0 claps Share on Personal care brand WOW Skin Science has announced that ChrysCapital, a India-focused private equity firm, will invest $50 million in the company for a significant minority stake. The transaction is a combination of a primary raise 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 ecommerce platforms, its own website, and brick-and-mortar stores. ....
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.” ....