luxury oils: D2C skincare brand Ras Luxury Oils raises $2 million funding from Sixth Sense

Mumbai: Ras Luxury Oils, a direct to shopper (D2C) luxury skincare and private care brand, has raised $2 million in a funding spherical from Sixth Sense Ventures, the corporate mentioned.
It mentioned it could use the funds to develop and launch new product classes, develop deeper into marketplaces, and set up a world presence.
Founded in 2017 by three ladies — Shubhika Jain, Suramya Jain and Sangeeta Jain — Raj Luxury Oils claims it has seen 20x development prior to now two years.

“There is a white area inside luxury skincare as a class in India, and it’s rising 2-3x quicker than the private care class as a result of it’s brand-starved. Furthermore, skincare manufacturers from India are underrepresented globally. We consider that with such a dynamic, younger and powerful management staff, Ras has the power to create a robust area of interest for itself,” mentioned Nikhil Vora, founder and CEO of Sixth Sense Ventures.
Sixth Sense Ventures is at the moment investing out of its third fund, SSIO III, which has accomplished 24 investments, together with bets on Parag Milk, Nobel Hygiene, Fraazo, Open Secret, Stylam, GoodDot, Neeman’s, Rage Coffee, Design Cafe and Bira 91.
It mentioned it’s concentrating on the worldwide clear magnificence and skincare market, which is price $54 billion and rising at a 13% compound annual development fee (CAGR).
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Currently, Ras’ web site contributes 85-90% of its income. It additionally sells by on-line marketplaces akin to and Amazon, and has partnered with numerous high-end spas and salons.
“We plan to rework the worldwide magnificence and skincare market as a made-in-India brand that speaks to a discerning world shopper,” mentioned Shubhika Jain, cofounder and CEO, Ras Luxury Oils.
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https://economictimes.indiatimes.com/tech/startups/d2c-skincare-brand-ras-luxury-oils-raises-2-million-funding-from-sixth-sense/articleshow/91742233.cms

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