VC Fund Investments
Hair Originals raises $5-M co-led by Anicut, 12 Flags
Gurugram-headquartered hair extension enabler Hair Originals has raised USD 5 million in a Series A funding round co-led by Anicut Growth Fund and 12 Flags Consumer Holdings, with participation from Lenskart co-founder Peyush Bansal. The startup plans to use the fresh capital to expand its ‘try-at-home’ service, bringing on-demand hair extension services to 40 cities. It also aims to launch around 30 company-owned experience centres over the next 12 months and strengthen its research and development (R&D) capabilities.The latest deal brings the company's total funding to USD 7.2 million to date. The company had earlier raised USD 1.5 million in seed funding from Anicut Capital and other investors.Founded by Jitendra Sharma and Piyush Wadhwani, Hair Originals offers natural hair extensions and has in-house manufacturing capabilities.
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