VanityCask Tech Pvt. Ltd, which runs the luxury beauty products discovery platform, VanityCask has raised an undisclosed amount of seed funding from the Singapore – based VC firm, RB Investments. The startup will use the funds to cover up its expenditure in fixed costs, logistics and advertising told the startup’s founder, Tarun Joshi. Tarun Joshi had founded Vanity Cask during November 2016. It is a Mumbai – based startup. The startup delivers a beauty box containing samples of luxury beauty brands such as Clinique, Votre, Kama and Thalgo, to users every month. Each sample typically lasts 5-7 applications. Read more on Investments
Joshi claims that VanityCask will become profitable within the next two months (i.e., before August 2017). Speaking about the challenges faced by the startup, Joshi said that getting supplies are a problem since there are a limited number of brands in India and logistics in the country is still not sufficient to meet the demand. Vanity Cask’s competitors include FabBag, MSM Box, My Envy Box and GlamEgo.
RB Investments funds startups upto Series C round of funding. The startups which RB Investments has invested in so far this year (2017) include the food delivering startups Swiggy and Fassos, the online jewelry seller, BlueStone and the travel agent startup, TravelTriangle in which it has invested a sum of US $10 million in Series B round of funding. TravelTriangle’s existing investors such as SAIF Partners and Bessemer Venture Partners also participated in the round of funding. Read more on Startup News
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