Homegrown luxury hair care brand Hair Originals has raised $1.25 million in a pre-Series A funding round led by Anicut Capital, Kesh Kala Family Office, JITO Angel Network (JAN), Lets Venture, Dexter Angels, Pankaj Chaddah, Ex Co-founder Zomato and Ahana Gautam, Founder, Open Secret.
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The brand aims to utilize the raised capital to scale its business operations by four times and achieve Rs 100 crore ARR by the end of 2024. It also aims to expand its presence to 25 cities in PAN India with experience centres across five major cities and introduce its D2C services in the US market.
“It is indeed a very important milestone for us to have JITO, Kesh Kala, and all our new investors on board. We also take this opportunity to thank the constant trust that our existing investors have shown in us. Their faith empowers us to strengthen our resolve to disrupt the hair extensions market globally,” said Jitendra Sharma, Founder of Hair Originals.
Commenting on the investment, Pooja Mehta, Chief Investment Officer, JITO Angel Network, said, “We are proud to add this unique and ethical hair solutions provider to our portfolio. We expect Hair Originals to not just tap the national market but cater to the growing demand for hair extensions globally. We are especially drawn to the company’s ethical procurement philosophy and hope for a long and fruitful association.”
Founded in 2019, Hair Originals was one of the startups that presented its case in Shark Tank India and received offers from all the sharks.
Currently, It exports its products to over 22 countries, including top luxury salons across the US, Europe, and Africa.
Source @Indianstartupnews
