Beautywise raises Rs 6.5 crore in seed funding round led by AC Ventures, others | Maqvi News

Beautywise, a beauty and wellness brand has secured Rs 6.5 crore ($7,84,229) in its first funding round led by AC Ventures.

Fluid Ventures, Real Time Angel Fund, GSF, Associated Capsule Group, Letsventure Angel Fund along with several angel investors also participated in the funding round.

Beautywise will use the funds to diversify its product portfolio by launching new products, team expansion and to expand its presence in USA, Middle East, and European markets.

Commenting on the funding, Anousha Chauhan, founder of Beautywise in a statement said, “This fundraise represents a pivotal step towards realizing our vision of empowering individuals to achieve their authentic beauty and wellness through our dermatology led, results-driven formulations.”

Shreyansh Chauhan, CEO of Beautywise added, “This funding will enable us to continue developing revolutionary products and to expand our team and retail presence. It will also be used to involve conducting market research, establishing distribution networks, and implementing promotional activities to effectively reach a wider audience and solidify Beautywise’s presence in the global market.”

Founded in 2021 by Anousha Chauhan and Shreyansh Chauhan, Beautywise targets a discerning audience aged 24 to 44. The brand’s products are available in over 500 pharmacies and more than 150 skin clinics across India.