Personal Care Startup MCaffeine Bags $500,000 In Pre-Series A round

Personal Care Startup MCaffeine Bags
$500,000 In Pre-Series A round

Personal care startup MCaffeine has secured $500,000 (about Rs.3.3 crore) in a pre-Series A round led by a clutch of high net-worth individuals and angel investment platforms. The company, which was launched in 2015 by Vikas Lachhwani and Tarun Sharma, sells its products across the country’s top ecommerce platforms, including Amazon and Nyka.
The company in a statement said the latest round of funding was led by the startup’s existing backer Harminder Sahni, founder of consultancy firm Wazir Advisors, Lets Ventures’ Mohit Bajaj and Calcutta Angels. This comes about 15 months after the Mumbai-based company had raised $300,000 from Sahni, Kaushal Aggarwal of Avendus Capital, Pranay Jivrajka, chief executive of FoodPanda India and others.
Sahni in a company press release said, “MCaffeine as a brand has the pulse of the new generation. They understand the physical and emotional needs of their market. Moreover, their execution so far has been par excellence. What they have been able to achieve in such a limited time is really commendable. MCaffeine, with a team of passionate entrepreneurs, is sure to succeed in this space and emerge as the favorite personal care brand amongst millennials.”

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