Conscious Chemist, a Shark Tank-featured skincare firm, has obtained Rs 10 crore in debt finance from Recur Club, according to a press statement.
The funds will be used to market the brand, expand its product categories, and open physical retail stores.
“Capital from Recur Club will enable us to execute our business plan, achieving over 50 per cent quarter-on-quarter (Q-o-Q) growth with healthy EBITDA levels, all while retaining equity,” said Robin Gupta, CEO and co-founder, Conscious Chemist.
Conscious Chemist is a science-based skincare brand that sells at Health & Glow and Shoppers Stop. The brand intends to develop its internet presence.
