Other Private Equity/Strategic Investments
Luxury beauty brand Kimirica raises $15-M from Carnelian Ventures
Indore, Madhya Pradesh-based Kimirica has raised USD 15 million in a funding round from Vikas Khemani led Carnelian Ventures. The proceeds will be used by the company for strengthening its B2B (business-to-business) hospitality arm, Kimirica Hunter, and its direct-to-consumer (D2C) brand, Kimirica Lifestyle.Founded in 2017 by Mohit Jain, Rajat Jain, Kimi Jain, and Rica Jain, Kimirica is a luxury self-care and personal care brand known for its vegan, cruelty-free, and sustainable products. It offers bath and body products, skincare, and hotel amenities.
For FY24, Kimirica Lifestyle had reported about INR 27 Cr in Operating Income and about INR 7 Cr in Net Loss.
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