Categories: Fashion

Kindlife raises $8 million in series A funding round

Beauty and wellness, platform Kindlife has raised $8 million (Rs 65 crore) in its series A funding round led by JB-Dooeun, TK Fund, and MIXI Global Investments. Kalaari Capital along other angel investors also participated in the funding round.

Kindlife raises $8 million in series A funding round – Kindlife

Earlier, Kindlife had secured $2.5 million in seed funding from Kalaari Capital, Titan Capital, Java Capital, and others.

Kindlife will utilise the funds to strengthen its distribution network and build a strong connection between Korea, Japan, and India.

Commenting on the funding, Radhika Ghai, co-founder of Kindlife in a statement said, “At Kindlife, we understand that Gen Z prioritises quality and authenticity, and we’re committed to making high-quality global beauty brands accessible to them, with a particular focus on premium Korean and Japanese beauty. Our strong AI technology is at the core of how we solve discovery and personalisation.”

Tomoharu Urabe, principal partner at MIXI Global Investments added, “Kindlife is creating a highly user-friendly ecommerce platform featuring AI-enabled discoverability and the built-in influencer community. The early metrics back up that the concept is working great. We’re thrilled to join the investment round and provide support to further expand its business.”

Founded in 2021 by Radhika Ghai, along with Vidit Jain and Manasa Garemella, Kindlife currently houses over 700 brands across categories on its platform with 25 percent international brands.

Copyright © 2024 FashionNetwork.com All rights reserved.

News Today

Recent Posts

Atalanta vs Arsenal live updates: Heroic Raya penalty save earns goalless draw in Bergamo

2024-09-20 06:10:03 So much of the focus on tonight’s game was taken up by Arsenal’s…

4 mins ago

Japanese company on Hezbollah’s exploding walkie-talkies: Had already warned …

Walkie-talkies belonging to the Lebanese armed group Hezbollah detonated on Wednesday, killing at least 14…

9 mins ago

Barcelona Player Ratings vs. Monaco – Eric Garcia’s Red Card Hands Monaco UCL Victory

2024-09-20 06:00:03 Barcelona suffered its first competitive defeat under Hansi Flick in its Champions League…

14 mins ago

Where Are Lyle And Erik Menendez Now? New Evidence Could Get Them Released From Prison

2024-09-20 05:50:02 TRIAL OF BROTHERS LYLE & ERIK MENENDEZ, PARRICIDES (Photo by Ted Soqui/Sygma via…

24 mins ago

Coinbase Plans to Push Institutional Investors into Web3, Defi, NFTs Amid Rattled India Operations

Coinbase, in a bid to get institutional investors to engage with NFTs and DeFi, has…

29 mins ago

Mark Robinson vows to stay in N.C. governor’s race following report he made inflammatory comments on a porn site

2024-09-20 05:40:05 Mark Robinson, the Republican candidate for governor in North Carolina, vowed Thursday to…

34 mins ago