PE-VC Fund Investments
Sampling platform for beauty & lifestyle products Smytten raises Rs.100-Cr in Series B
Gurugram-based D2C (direct-to-consumer) sampling platform Smytten raises INR 100 Cr in a pre-Series B funding round from Fireside Ventures and Roots Ventures. The funding round also saw participation from Sharrp Ventures, Waao Partners, Survam Partners, and Sattva Group Family Office.Founded in early 2016 by former Unilever and Google executives Siddhartha Nangia and Swagat Sarangi, Smytten offers an online sampling platform where all types of direct-to-consumer (D2C) brands can list themselves and sell their products to a wider audience. Consumers can buy sample products from its app-based platform at a marginal cost and make better buying decisions.Smytten will use the fresh capital for brand building, hiring engineering talent, building technology infrastructure and expanding teams across various verticals.
Between Apr 2019 and May 2022, Smytten had attracted about $23 M from Fireside Ventures, Munjal Family Office, Roots Ventures, Sharrp Ventures and others.For FY25, Smytten had reported about INR 111 Cr in Operating Income and about INR 27 Cr in Net Loss.
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