Debt Debt financing
Beauty and wellness chain VLCC raises Rs.110-Cr from BlackSoil
Source VLCC (opens in a new tab)Business Line (opens in a new tab)
Gurugram-based beauty and wellness firm VLCC has raised INR 110 crore from BlackSoil Capital.Founded in 1989 by Vandana and Mukesh Luthra, VLCC provides services in beauty and wellness, vocational training, and personal care products. The company has a presence across more than 250 locations in over 130 cities.VLCC intends to use the fresh financing to pursue growth across its business segments, including the introduction of new products and the expansion of its retail footprint.
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In Jan 2023, VLCC Wellness had attracted about USD 300 M from Carlyle.For FY25, VLCC Wellness had reported about INR 505 Cr in Operating Income and about INR 30 Cr in Net loss.