Total amount raised
$6.7 Millions
Latest funding date
2/1/2025
Location
Hair Originals has successfully raised $5 million in a Series A funding round, attracting investment from notable backers such as 12 Flags Group and Peyush Bansal. The company specializes in distributing a wide range of hair extensions and related products.
Keep reading to explore the intricacies of Hair Originals' fundraising journey and the investors backing this innovative platform.
What Is Hair Originals?
Founded in 2018 by Jitendra Sharma, Hair Originals is a Paris-based company specializing in hair extensions and related products. The company operates in the Beauty, Cosmetics, E-Commerce, and Fashion industries.
With a team of 51-100 employees, Hair Originals offers a wide range of products, including DIY hair extensions, hair loss solutions, and full head extensions. Their focus is on providing high-quality, natural hair extensions to meet diverse customer needs.
Hair Originals is committed to customer satisfaction, offering services like home trials, free consultations, and expert advice to help customers choose the right products. The company continues to expand its reach with experience centers in various cities across India.
How Much Funding Has Hair Originals Raised?
- Pre-Seed Round
- Amount Raised: ₹6M
- Date: January 19, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and market presence.
- Pre-Seed Round
- Amount Raised: ₹30M
- Date: January 27, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product line and expand the team.
- Seed Round
- Amount Raised: $1.3M
- Date: December 26, 2022
- Lead Investors: Anicut Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance marketing efforts.
- Series A
- Amount Raised: $5M
- Date: October 18, 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the business and open new experience centers.
- Series A
- Amount Raised: $5M
- Date: February 4, 2025
- Lead Investors: 12 Flags Group, Anicut Growth Fund, Peyush Bansal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand 'try-at-home' services and launch new experience centers.
Total Amount Raised: $11.3M
Current Valuation: Not publicly disclosed
Key Investors
- 12 Flags Group
- Details: 12 Flags Group is a prominent investment firm known for its strategic investments in high-growth companies. They have a strong track record of backing innovative startups.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare
- Notable Investments: Hair Originals, Company X, Company Y
- Anicut Capital
- Details: Anicut Capital is a leading investment firm that provides growth capital to emerging companies. They are known for their hands-on approach and strategic support.
- Investment Focus Areas: Consumer Products, Financial Services, Technology
- Notable Investments: Hair Originals, Company A, Company B
- Peyush Bansal
- Details: Peyush Bansal is the cofounder of Lenskart, a leading eyewear company. He is an active investor in the startup ecosystem.
- Investment Focus Areas: Consumer Products, Retail, E-Commerce
- Notable Investments: Lenskart, Hair Originals, Company C
What's Next for Hair Originals?
Hair Originals is poised for significant growth, with plans to expand its 'try-at-home' services to 40 cities and launch 30 new experience centers. This expansion is supported by their recent $5 million Series A funding, which will also bolster their R&D capabilities and global partnerships, such as those with Kurves in North America.
Future fundraising opportunities are likely as the company scales its operations and enters new markets. The increasing demand for natural hair extensions and the growth of the beauty industry present substantial opportunities. However, challenges such as competition from established players and managing logistics for widespread services remain.
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