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Private Equity
chryscapital.com

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Investments

26

Portfolio Exits

5

Funds

2

Service Providers

1

About ChrysCapital

ChrysCapital is a private equity firm that invests in Indian based startups.

ChrysCapital Headquarter Location

St. James Court Suite 504

Port Louis,

Mauritius

+230 211 5410

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Latest ChrysCapital News

D2C Skincare Brand WOW Skin Science Raises $48 Mn From Singapore’s GIC

Jun 16, 2022

The startup’s last funding round came more than 14 months ago when it raised $50 Mn from ChrysCapital WOW Skin Science’s board allotted 3,168 CCDs to GIC to raise INR 375 Cr on May 26 The D2C brand had first announced the funding round in May, choosing not to disclose the amount Bengaluru-based D2C skincare brand WOW Skin Science has raised INR 375 Cr ($48.02 Mn) from Singapore’s sovereign wealth fund GIC. The startup had made an announcement earlier in May , informing the same without divulging the funding amount. In a meeting held on May 26, the startup’s shareholders decided to allot 3,168 compulsory convertible debentures (CCDs) to Waverly PTE. Ltd at an issue price of INR 11,83,702 per share to raise INR 375 Cr ($48.02 Mn), according to a regulatory filing with the Registrar of Companies (RoC) seen by Inc42. It is prudent to note that Waverly PTE. Ltd is a subsidiary of GIC. WOW Skin Science’s valuation has reached around $280 Mn post the funding round. Going by the May announcement, WOW Skin Science will use the incoming funds to build its brand, hire across verticals and launch new products. Recommended For You: 16th June, 2022 Founded in 2014 by Manish and Karan Chowdhary, WOW Skin Science is an omnichannel D2C brand that offers 300 SKUs across categories such as skin, hair, bath and body, wellness, and nutrition and health. WOW Skin Science also sells products across 2,500 retail outlets in the US. WOW Skin Science competes with unicorns Nykaa and Mamaearth, along with startups such as SUGAR Cosmetics and mCaffeine, among others. India’s personal care D2C market opportunity has increased rapidly as the D2C brands achieve more and more market penetration in the Tier 2+ cities. According to an Inc42 report , India is set to have more than 122 Mn online beauty shoppers by FY25, presenting a market opportunity of $5.6 Bn by 2025 for India’s D2C brands. The country’s total beauty and personal care market is poised to reach a value of $37.2 Bn by 2025, spurred on by the increasing demand. While India’s D2C landscape has seen a flurry of funding activity over the last few months, a recent report by HDFC Securities suggested that higher interest rates and a decline in venture funding are the near-term challenges for D2C brands in India. This slowdown of funding might also lead to consolidation in the segment as well.

ChrysCapital Investments

26 Investments

ChrysCapital has made 26 investments. Their latest investment was in Xpressbees as part of their Series F on February 2, 2022.

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ChrysCapital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/9/2022

Series F

Xpressbees

$300M

Yes

41

8/23/2021

Private Equity - III

QuEST Global

$150M

Yes

6

7/19/2021

Series A

GlobalBees

$75M

Yes

14

4/8/2021

Secondary Market

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$99M

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10

4/5/2021

Private Equity - II

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$99M

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10

Date

2/9/2022

8/23/2021

7/19/2021

4/8/2021

4/5/2021

Round

Series F

Private Equity - III

Series A

Secondary Market

Private Equity - II

Company

Xpressbees

QuEST Global

GlobalBees

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Amount

$300M

$150M

$75M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

41

6

14

10

10

ChrysCapital Portfolio Exits

5 Portfolio Exits

ChrysCapital has 5 portfolio exits. Their latest portfolio exit was Infogain on June 11, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/11/2021

Acq - Fin

$99M

7

2/8/2021

Acq - Fin

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$99M

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10

8/18/2017

Acquired

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$99M

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10

6/28/2017

IPO

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$99M

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10

7/15/2015

Acquired

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$99M

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10

Date

6/11/2021

2/8/2021

8/18/2017

6/28/2017

7/15/2015

Exit

Acq - Fin

Acq - Fin

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

7

10

10

10

10

ChrysCapital Acquisitions

3 Acquisitions

ChrysCapital acquired 3 companies. Their latest acquisition was IDFC Mutual Fund on April 06, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/6/2022

$99M

Acq - Fin

3

10/4/2021

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$99M

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10

12/5/2018

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$99M

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10

Date

4/6/2022

10/4/2021

12/5/2018

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

3

10

10

ChrysCapital Fund History

2 Fund Histories

ChrysCapital has 2 funds, including ChrysCapital VIII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/7/2019

ChrysCapital VIII

$850M

3

2/22/2017

ChrysCapital VII

$99M

10

Closing Date

1/7/2019

2/22/2017

Fund

ChrysCapital VIII

ChrysCapital VII

Fund Type

Status

Amount

$850M

$99M

Sources

3

10

ChrysCapital Service Providers

1 Service Provider

ChrysCapital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Private Equity - II

Counsel

General Counsel

Service Provider

Associated Rounds

Private Equity - II

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

ChrysCapital Team

4 Team Members

ChrysCapital has 4 team members, including current Managing Director, Ashish Agrawal.

Name

Work History

Title

Status

Ashish Agrawal

Managing Director

Current

Sanjay Kukreja

Managing Director

Current

Ashish Dhawan

Founder

Former

Luis Miranda

Chief Financial Officer

Former

Name

Ashish Agrawal

Sanjay Kukreja

Ashish Dhawan

Luis Miranda

Work History

Title

Managing Director

Managing Director

Founder

Chief Financial Officer

Status

Current

Current

Former

Former

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