Coimbatore based home grown brand Juicy Chemistry, has closed an investment of 650,000 USD of funding from Mr Amit Nanavati, an angel investor. They have a newly formed portfolio with interest in the Health and wellness segment. Self-funded so far, Juicy Chemistry has been providing simplified skincare with its range of 100+ products since 2014. The brand bootstrapped until recently and raised funds through internal sources and through operations. Ongoing funding conversations initiated in December 2019 got formalized in the end of April 2020. Veda Corp is onboard as their financial advisors.
Amit Nanavati quotes, “The brand Juicy Chemistry embodies something that is pure, fresh, honest & holistically organic. The sheer passion & dedication with which Megha & Pritesh have curated, nurtured Juicy Chemistry, coupled with their future vision, made my decision to invest a no brainer. I'm excited to be a part of this journey to see Juicy Chemistry leading the pack, globally.”
Pritesh Asher, Co-Founder, Juicy Chemistry states, “The funds are going to be utilised for capital expenditure, this will upgrade and automate our manufacturing facility. This will result in a 10 x increase in our manufacturing capacity. This will also require an increase in working capital and to strengthen our supply chain in the coming months. We will also be increasing our workforce to cater to the increase in demand for our products. We have also earmarked funds to increase our marketing budget both on and offline mediums. We are excited for Mr Nanavati to be a part of the Juicy Chemistry family.”
“Mr Nanavati’s confidence in our venture further nurtures our vision of providing complete organic skincare to both Indian and global terrains. This round will enhance our manufacturing and supply chain along with greater marketing spends. We also aim to strengthen our user experience and introduce newer offerings. With our longstanding goal to provide effective skincare products formulated with the purest and the most nutrient-rich ingredients nature has to offer, we are ecstatic to embark on this new journey inching closer to our vision.” Megha Asher, Co-Founder, Juicy Chemistry.
Juicy Chemistry is the first-ever Indian brand with a complete certified organic products range by Ecocert (France) in accordance with COSMOS V3 Standard. The range is also cruelty-free and most of the range is vegan. They are minimally packaged with recycled and recyclable materials. Additionally, Juicy Chemistry is also GMP (Good Manufacturing Practice) and ISO 9001:2015 certified. The range is free of all preservatives, chemicals, additives, colours and fragrances. The brand strongly believes that nature has answers to all skin problems and freshness is the key to efficiency. The products are nothing but distilled nature in a tub.