The intention for The Natural Wash was to create a skincare brand that heals skin issues like pigmentation, acne, and tanning.
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The funds from this round will be allocated to several key areas, including strengthening Oright’s sales and marketing efforts, advancing research and development, and enhancing its fintech platform.
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The round also saw the participation of the Ashish Goenka-led Suashish Group and angel investors like Vijay Nehra, Arjun Purkayastha
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This investment will be channelled towards R&D capabilities, expanding market presence, with a focus on fostering long-term partnerships with AI hardware and product companies
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As Nitro Commerce looks to the future, its expansion plans are centered on growing its network and refining user profiles
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This exclusive partnership is expected to see a USD 500 million investment in secondaries in the next two years
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This investment consists of a mix of primary and secondary share capital, boosting the company's valuation to around USD 800 million, as per media reports
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The round was co-led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital, with participation from existing investors and new backers including DST Global and Headline
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The company, co-founded by Bipin Preet Singh and Upasana Taku, is also considering a pre-IPO placement to raise an additional Rs 140 crore, which would reduce the size of the fresh issue in the IPO accordingly
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The store features a diverse selection of upcycled pieces, eco-friendly materials, and tech-enhanced garments, all within a state-of-the-art retail environment
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