Total amount raised
$67.1 Millions
Latest funding date
Location
Foxtale has successfully raised funding through multiple rounds, with its latest being a Series C. The company specializes in skincare products designed for all skin types, leveraging modern science and technology.
Keep reading to explore the intricacies of Foxtale's fundraising journey and the investors backing this innovative skincare brand.
What Is Foxtale?
Foxtale, founded in 2021 by Romita Mazumdar, is a skincare brand based in Mumbai, Maharashtra, India. The company specializes in creating skincare products suitable for all skin types, leveraging modern science and technology.
Foxtale's product lineup includes moisturizers, vitamin C serums, sunscreens, and face washes, all aimed at providing high-quality skincare at affordable prices. The company emphasizes innovation and safety in its formulations.
With a team of 51-100 employees, Foxtale continues to grow and make a mark in the skincare industry. For more details, visit their official website or their Crunchbase profile.
How Much Funding Has Foxtale Raised?
- Seed Round
- Amount Raised: ₹55M
- Date: December 2021
- Lead Investors: Kae Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart product development and initial market entry.
- Seed Round
- Amount Raised: $4M
- Date: June 2022
- Lead Investors: Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and increase market presence.
- Series A
- Amount Raised: ₹1.2B
- Date: March 2024
- Lead Investors: Kae Capital, Panthera Growth Partners, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance R&D capabilities.
- Series B
- Amount Raised: ₹1.5B
- Date: June 2024
- Lead Investors: Panthera Growth Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further market expansion and strengthen the brand's footprint.
- Series C
- Amount Raised: $30M
- Date: January 2025
- Lead Investors: KOSÉ
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market expansion and drive product innovation.
Total Amount Raised: $34M + ₹2.75B
Current Valuation: Not publicly disclosed
Key Investors
- KOSÉ Corporation
- Details: KOSÉ Corporation is a Japanese multinational company known for its advanced technological capabilities in the beauty market. It has a significant presence globally and has been expanding its footprint in India.
- Investment Focus Areas: Cosmetics, skincare, beauty technology.
- Notable Investments: Tarte Cosmetics, Decorté, Jill Stuart Beauty.
- Panthera Growth Partners
- Details: Panthera Growth Partners is a growth-stage investment firm that focuses on scaling high-potential companies. They have a track record of supporting consumer brands.
- Investment Focus Areas: Consumer brands, technology, healthcare.
- Notable Investments: Not publicly disclosed.
- Z47
- Details: Z47 is an investment firm that has been involved in multiple funding rounds for Foxtale. Specific details about the firm are not widely disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Kae Capital
- Details: Kae Capital is an early-stage venture capital firm that invests in high-growth potential startups. They have been a key investor in Foxtale since its early days.
- Investment Focus Areas: Technology, consumer brands, healthcare.
- Notable Investments: HealthifyMe, 1mg, Fynd.
What's Next for Foxtale?
Foxtale's future looks promising with significant opportunities for market expansion and product innovation. The recent $30 million Series C funding will enable the company to deepen its footprint in existing markets and strengthen its R&D capabilities. The strategic partnership with KOSÉ Corporation is set to enhance Foxtale's market presence in India, leveraging KOSÉ's global expertise and advanced technological capabilities.
As Foxtale scales faster and innovates deeper, future fundraising opportunities are likely to arise, attracting more international investors. However, the company may face challenges such as maintaining high growth rates amidst increasing competition and ensuring continuous product innovation to meet evolving consumer needs. Navigating the complexities of a strategic partnership with a global corporation will also be crucial for sustained success.
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