Investments
26Portfolio Exits
5Funds
2Service Providers
1Latest ChrysCapital News
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.
ChrysCapital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/9/2022 | Series F | Xpressbees | $300M | Yes | Blackstone, Investcorp, Norwest Venture Partners, TPG Capital, and Undisclosed Investors | 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 | |||||
4/5/2021 | Private Equity - II |
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 | ||
Amount | $300M | $150M | $75M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Blackstone, Investcorp, Norwest Venture Partners, TPG Capital, and Undisclosed Investors | ||||
Sources | 41 | 6 | 14 |
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 | 7 | |||
Date | 6/11/2021 | ||||
---|---|---|---|---|---|
Exit | Acq - Fin | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 7 |
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 | Acq - Fin | 3 | ||||
10/4/2021 | ||||||
12/5/2018 |
Date | 4/6/2022 | 10/4/2021 | 12/5/2018 |
---|---|---|---|
Investment Stage | |||
Companies | |||
Valuation | |||
Total Funding | |||
Note | Acq - Fin | ||
Sources | 3 |
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 |
Closing Date | 1/7/2019 | 2/22/2017 |
---|---|---|
Fund | ChrysCapital VIII | ChrysCapital VII |
Fund Type | ||
Status | ||
Amount | $850M | |
Sources | 3 |
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 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.