Bengaluru-based LAVAL, an extravagance regular and natural skin, body and hair care brand established in 2016, has brought an undisclosed sum up in pre-Series A round from Jazal Group.
LAVAL was established by Prithika Parthasarthy and Shrishti Parthasarthy who initially started exploring building a wellbeing and skincare brand in 2013.
We are based on the ethos of the Siddha custom, Ayurveda, and fragrance based treatment standards and ideas of comprehensive health. It obliges all socioeconomics and its items are custom fitted to have a worldwide allure. LAVAL has a past filled with Siddha experts and the elixirs defined are intended to mend you inside and remotely,” said Prithika, Founder, LAVAL.
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With the undisclosed pre-Series A round, the brand plans to make a container India presence through its site and on web based business entries. “We might likewise want to utilize our assets more on innovative work of item definition innovation and setting up our own green assembling unit. We are endeavoring to be ranch to plant demonstrate and have a straightforward gracefully chain,” added Prithika.
Jazbel, Managing Director, Jazal Group said, “This is a momentous time for us at Jazal Group of Companies. LAVAL is an organic brand celebrated by connoisseurs of skincare from India, and it presents us with an immense opportunity to scale globally. This transaction is in line with our effort to cater to the aspirations of discerning customers from the lifestyle segments. We will extend our full support for Laval to reach its full glory in the international wellness and beauty landscape.”
Jazbel says that the Jazal Group will work closely with customers and employees from LAVAL to help it expand globally.
Avendus predicts that the D2C business will be a $100 billion market by 2025. India currently has 600 brands in the D2C category, with 16 companies having a revenue of more than $50 million.