Direct-to-consumer (D2C) skincare firm Foxtale Consumer has raised about $14 million (Rs 120 crore) in fresh equity funding led by Singapore-based Panthera Growth Partners, according to ETtech report.
The round also saw participation from the company’s existing backers Matrix Partners India and Kae Capital.
Launched in 2021 by Romita Mazumdar, a former executive at Mumbai-based investment firm A91 Partners, Foxtale Consumer last raised $4 million in 2022 from Matrix Partners and Kae Capital.
The fresh round of funding follows a clutch of consumer brands including luggage maker Mokobara, which raised $12 million in a round led by Peak XV Partners in February, beauty and wellness brand Nat Habit receiving a $10 million infusion in December 2023 led by Bertelsmann India Investments and personal care brand Pilgrim, which secured a $20 million funding in September last year led by Vertex Ventures.
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