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Informative

Skincare startup Foxtale raises USD 18 mn in funding round

Update / Judgement Date

11 Jun 2024

Source

The Hindu

Author

Team — WCP Legal Desk

Reading Time

1 min read

Start-Up & DPIIT

Foxtale, a D2C skincare brand, raised $18 million (about ₹150 crore) in a Series B funding round led by Panthera Growth Partners. Existing investors Matrix Partners India and Kae Capital also participated. Founded by Romita Mazumdar in January 2022, the Mumbai-based startup plans to utilize the funds for category expansion, digital footprint enhancement, and top-level hiring. \r


With 90% of revenue generated digitally, Foxtale aims to achieve a gross revenue of ₹400-450 crore in FY25, targeting profitability by fiscal end. Looking ahead, the brand eyes a revenue milestone of ₹1,000 crore within the next 3 years.