D2C Skincare Startup Foxtale Secures $30 Mn To Bolster Its R&D Capabilities

D2C Skincare Startup Foxtale Secures $30 Mn To Bolster Its R&D Capabilities

SUMMARY

The Mumbai-based skincare startup has secured $30 Mn (INR 259 Cr) in Series C funding led by Japanese multinational KOSÉ Corporation, marking a strategic partnership for the Indian market

The company claims 150% growth in FY25 with 50% D2C revenue contribution and aims to achieve profitability by next fiscal year

Founded in 2021, Foxtale serves over 15 Lakh customers through 20 SKUs and maintains a 50% repeat rate

Mumbai-based D2C skincare brand Foxtale has secured $30 Mn (around INR 259 Cr) in its Series C funding round led by KOSÉ Corporation, along with participation from existing investors Panthera Growth Partners, Z47 and Kae Capital.

The startup will use the fresh capital to strengthen its R&D capabilities and deepen its footprint in existing markets. The startup aims to focus on creating efficacious skincare formulations and expanding its product innovation capabilities.

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