Private Equity VC Fund Investments
Beauty e-commerce platform Foxy’s attracts Rs.22-Cr from Lightspeed
Source Inc42 (opens in a new tab)
Delhi-NCR based beauty e-commerce platform Foxy’s parent company EkAnek has raised INR 21.6 crore (USD 2.5 million) from existing backer Lightspeed India. EkAnek will allot 31,638 compulsorily convertible preference shares (CCPS) in favour of Lightspeed India at INR 6,827.4 apiece.The company plans to deploy the capital to accelerate growth, expand footprint and for general corporate purposes.Founded in 2018 by Chandranshu Sinha, Kartik Sheth, Nikhil Gilani and Sachin Singhal, Foxy sells a wide range of beauty, grooming, and cosmetic offerings.The startup’s existing investors include Alpha Wave, Matrix Partners India, Peak XV and Lightspeed India.