The funding round was led by Matrix Partners India, with participation from existing investor Kae Capital and a few angel investors
The early-stage startup will use the incoming funds to expand its product range, hire senior vertical leadership and scale business
India’s beauty and personal care segment represents a total market opportunity of $37.2 Bn by 2025, according to an Inc42 report
Mumbai-based direct-to-customer (D2C) skincare startup Foxtale has raised $4 Mn in a Pre-Series A funding round. The funding round was led by Matrix Partners India, with participation from existing investor Kae Capital, along with a few angel investors.
This is Foxtale’s second-ever funding round – it had raised a seed round in August 2021, launching officially in December 2021. The early-stage startup is looking to use the incoming funds to expand its product range, hire senior vertical leadership and scale business.