Pilgrim, a Mumbai, India-based clear magnificence model, raised ₹200 crore in a brand new funding spherical, at roughly ₹3,000 crore pre-money valuation.
The spherical is a mixture of major and secondary capital.
Backers included current traders Narotam Sekhsaria Household Workplace, Vertex Ventures SEAI, and Mirabilis Funding Belief, alongside new traders Vertex Progress Fund and Anicut Fairness Continuum Fund.
The corporate intends to make use of the funds to speed up its progress and market enlargement in India and past.
Led by Gagandeep Makker, Pilgrim is a digital-native magnificence model leveraging a world ingredients-focused method. Its philosophy facilities on discovering international magnificence secrets and techniques, and mixing them with science to ship accessible merchandise. Its various portfolio, spanning skincare, haircare and color cosmetics caters to a nationwide viewers by means of its web site, app, and main e-commerce platforms.
The corporate has a gross Annual Run Price (ARR) exceeding ₹800 crore.
FinSMEs
18/03/2025
