The funding is led by Inflection Point Ventures in participation with Venture catalysts and Super Angels
New Delhi: Dermocosmetics startup SkinQ has secured a seed investment of Rs 3 crore from Inflection Point Ventures in participation with Venture catalysts and Super Angels.
The funds will be utilised towards new product launches, research and development, team expansion, and brand enhancement.
Founded by Dr. Chytra V Anand and Meera Iyer, the startup works for melanin-rich skin and plans to target 10 million customers in the next three years.
“The alliance with IPV & our investors is a strategic enabler in our quest to redefine the skincare paradigm through a fusion of scientific ingenuity and technological innovation,” Anand said.
The startup is the first Indian-origin dermo cosmetics retail brand in dermatology offices and MedSpas in the US.
Ivy Chin, Partner, Inflection Point Ventures, said, “By embracing the melanin-rich skin of Indians, SkinQ aims to revolutionise skincare by recognizing the unique needs of Indians . By addressing the distinct requirements of the melanin-rich skin, it has the potential to captivate the hearts of millions, who can truly appreciate the difference in its products.”
The startup secured a finalist spot at the Beauty & You awards by Estee Lauder & Nykaa in November this year. Its sunscreens were voted as the top 5 by Vogue Beauty Awards and top 4 by Elle Beauty Awards.
Inflection Point Ventures (IPV) is an angel investing platform with over 9600 CXOs, HNIs, and professionals who invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors.
