D2C Skincare Brand Foxtale Secures Funding To Expand Product Range

D2C Skincare Brand Foxtale Secures Funding To Expand Product Range

SUMMARY

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.

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