HomeStartupDr Sheth's secures Rs 4 crore in series seed round funding from Mumbai Angels and others

Dr Sheth’s secures Rs 4 crore in series seed round funding from Mumbai Angels and others

Reader's Pick

A Mumbai-based celebrity dermatologist-backed luxury skincare startup Dr. Sheth’s has secured Rs 4 crores in a series seed round funding from Mumbai Angels and others.

Mumbai Angel Networks led the new round of funding with participation from other investors where MA invested Rs 3 crores and Rs 1 crore from other investors.

The company in its statement said that “Dr. Sheth’s will use this new round of funding for business expansion in the international markets, brand awareness as well as for developing a new product in the markets.”

Founded in 2016, Dr. Sheth’s provides a wide range of personal care products like sunscreens, brightening cleansers, antioxidant moisturizers, and toners, masks, eye creams, peels, and has several’s A-list Bollywood celebrities as its clients.

- Advertisement -

Talking about the funding from MA, Dr. Aneesh Sheth, Founder and CEO of Dr. Sheth’s said that “We are proud to be partnered with an institution like the MA Network and look forward to the value they bring in growing our brand.”

“Dr. Sheth’s is a clean beauty brand safe for consumers and derived from natural ingredients and medically tested. I also recognize South Asian Skin pigment requires a unique formulation and created a line that caters to this demographic,” Aneesh added.

Speaking on the investment in Dr. Sheth’s, Nandini Mansinghka, Managing Director and CEO, Mumbai Angels Networks said that “We see Dr. Sheth’s as a company with a sharp focus on their product line and see them growing successfully in the natural beauty market with their targeted consumer approach.

“We as a venture investment platform are backing innovative businesses and strong founders and are happy to welcome Dr. Sheth’s to the growing MA Network family,” she added.


Stay on top of Budget 2023 with our newsletter

- Advertisement -

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Budget 2023 Should Fouse On Increasing Research Grants to Promote Innovation in Ayurveda: Ameve Sharma of Kapiva

As the Union Finance Minister Nirmala Sitharaman, is all set to present the Ind...

News Briefings: Skillsoft opens in NYSE, Health Startups raises $1 mn, Droom crosses Rs 1000 cr GMV & More

Headlines: Power Gummies raises 1 million dollars from 9Unicorns, Droom crosses...

Budget 2023: “Govt Should Encourage Banks to Increase Funding for NBFCs,” says Parry Singh of Red Fort Capital

As the Union Finance Minister Nirmala Sitharaman, is all set to present the Ind...