Hyeglo Beauty raises ₹7 crore led by Sauce
The Indian beauty brand plans to expand its product range, invest in research and development, build its brand and hire.
Hyeglo Beauty has raised ₹7 crore in financing led by Sauce, with participation from Giga Capital, Consumer Collective by Atrium, Arjun Purkayastha and The Patient Capital, according to a founder interview published by The Economic Times on November 2.
The brand combines makeup with skincare ingredients and sells products including tinted moisturiser, lip oil stain and lip and cheek balm through its own online store. Founder Kanupriya Ahluwalia said the capital would support research and development, new product launches, brand building and hiring.
Use of funds
Research and development
Product launches
Brand building
Hiring