Renaura Wellness Secures Series A Funding from Fireside Ventures and Multiply Ventures
Renaura Wellness Pvt. Ltd.’s haircare startup, Iluvia, announced on Thursday that it has successfully secured a Series A funding round from prominent investors Fireside Ventures and Multiply Ventures, as detailed in a press release. The investment injection is earmarked to bolster Iluvia’s team with top-tier talent and to propel the brand’s expansion initiatives. Co-founders Nishant Gupta and Palash Pandey of Renaura Wellness expressed their enthusiasm, stating, “With this funding, we are empowered to bolster our R&D investments while further expanding our product offerings with innovative and unique solutions for professionals as well as consumers.”
Gupta added, “With Series A closed, our aim is to ramp up talent acquisition and expand our team by recruiting skilled professionals who share our passion.”
Presently, Iluvia enjoys a presence in over 2500 salons spread across 70 cities in India.
Dipanjan Basu, co-founder of Fireside Ventures, voiced confidence in Iluvia’s vision, remarking, “We believe in Iluvia’s vision and are impressed with their dedication to creating truly transformative and revolutionary products which are highly efficacious and safer for consumers. At Fireside, our quest is on for brands that have an inherent value of goodness ingrained in every aspect of the product and Iluvia is a perfect match.”
Established in 2015, Iluvia operates as a self-care brand, offering products through its website www.iluviapro.com and various online marketplaces including Nykaa, Amazon, and Flipkart.
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