Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 13 2018

Personal care startup Mcaffeine Secures Rs. 3.2 Cr In pre-Series A round

The firm’s portfolio comprises 16 personal care products, including caffeine-infused shampoo, face wash and shower gels. It sells its products on 20 ecommerce websites in India.

Personal care startup Mcaffeine Secures Rs. 3.2 Cr In pre-Series A round

MCaffeine, the online run personal care startup has secures Rs. 3.2-crore ($500,000) pre-Series A funding round from a clutch of angel investors.

As per the press statement issued by the company, the round was led by Wazir Advisors founder Harminder Sahni, Mohit Bajaj of startup funding platform Let’s Venture, and Calcutta Angels.

PEP Technologies Pvt. Ltd, which manufactures caffeine-infused personal care products under the MCaffeine brand, will use the money for research and development, building inventory, and expanding its product offerings, besides adopting an omni-channel marketing strategy.

Vikas Lachhwani, one of the co-founders of MCaffeine said, “We are looking to build a brand which reflects the millennial lifestyle and aspirations.”

Launched in 2015 by Lachhwani and Tarun Sharma, the firm’s portfolio comprises 16 personal care products, including caffeine-infused shampoo, face wash and shower gels. It sells its products on 20 ecommerce websites in India.

Sahni said, “MCaffeine, with a team of passionate entrepreneurs, is sure to succeed in this space and emerge as the favourite personal care brand among millennials.”

The company said at least three products, including Neem-Caffeine Face Wash and Silver-Caffeine glow gel, are in the top 10 in their respective categories on ecommerce major Amazon.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: The Jaipuria family's association in the field of education..
    Locations looking for expansion Uttar pradesh
    Establishment year 1974
    Franchising Launch Date 2014
    Investment size Rs. 5 Cr. above
    Space required 90000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ghaziabad Uttar pradesh
  • Quick Service Restaurants
    About Us: Grill Masters started its first outlet in August 2015..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Yamuna Nagar Haryana
  • Plumbing, Sanitary Ware And Bathroom Fittings
    ABOUT JAAZ Over the past 10 years, JAAZ has kept pace..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Vadodara Gujarat
  • Others Food Service
    About Us: Sphurti are a leading brand in the dairy industries in..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Karveer Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities