CosIQ, a four-month-outdated startup skincare producer, has elevated Rs 50 lakh in a seed funding spherical from Shark Tank judges Vineeta Singh, CEO of SUGAR Cosmetics, Shaadi.com founder and CEO Anupam Mittal.
“Getting the seed sources from Shark Tank India is a validation of our technique to supply a revolution within the skincare market, with clinically established and study-driven objects. We technique to commit this sum of money to generate further innovation and ship slicing-edge substances with innocent formulations to the Indian trade,” Angad Talwar, co-Founding father of CosIQ mentioned.
Based by Kanika Talwar and her partner Angad Talwar, the startup statements to be giving items backed by productive medical programs, concentrating on clear parts with minimalist formulations that give genuine success. Their solely two part Vit-C serum is the very first within the Indian market, and their sunscreen is available in a serum sort, the assertion defined.
The judges, or ‘Sharks,’ who’re portion of the Indian version of the worldwide ‘Shark Tank’ show, have beforehand funded all-around 100 enterprise homeowners, lots of whom are ladies, from small cities all through India. On 20 December, the clearly present premiered on television, VCCircle documented.
Shark Tank is coming to India at a time when the nation’s angel investing ecosystem is at an all-time excessive. In accordance to VCCEdge, VCCircle’s information evaluation platform, there have been being 1,033 angel and seed investments, totaling in extra of $1.57 billion in calendar 12 months (CY) 2021. Compared, in CY2020, 804 angel and seed investments totaling $746.1 million have been closed. In accordance to particulars from VCCEdge, there ended up 732 acquisitions really value $606.1 million in 2019.
Shark Tank began off as ‘Tigers of Cash’ in Japan in 2001, established by Nippon Television, and the construction was later tailor-made as Dragon’s Den in 2005 within the British isles. The clearly present premiered as Shark Tank to start out with within the US in 2009, subsequent which the construction is distributed internationally by Sony Pictures Television.