About Believe
Believe is a company based in Singapore (Singapore) founded in 2019 by Ankit Mahajan and Dheeraj Batra. Believe has raised $87.01 million across 4 funding rounds from investors including Accel, 360 One and Alteria Capital. Believe offers products and services including Vitamin C Cleanser and Hand Sanitizer. Believe operates in a competitive market with competitors including Iba Cosmetics, Ecotrail Personal Care and Lafz, among others.
- Headquarter Singapore, Singapore
- Founders Ankit Mahajan, Dheeraj Batra
- Stage Minicorn
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Sectors
ConsumerHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Believe Pte Ltd
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Annual Revenue
$25.55 M (USD)17as on Mar 31, 2023
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Net Profit
$13.68 M (USD)119as on Mar 31, 2023
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EBITDA
$12.86 M (USD)117as on Mar 31, 2023
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Total Equity Funding
$87.01 M (USD)
in 4 rounds
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Latest Funding Round
$4.5 M (USD), Series C
May 27, 2024
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Investors
Accel
& 20 more
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Employee Count
Not available
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Products & Services of Believe
Believe offers a comprehensive portfolio of products and services, including Vitamin C Cleanser and Hand Sanitizer.
Facial cleanser for gentle skin renewal and glowing results
Gel for effective hand cleaning and germ protection
Funding Insights of Believe
Believe has successfully raised a total of $87.01M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $4.5 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Believe
Believe has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, 360 One and Alteria Capital.
| Investor | Description | Founded Year | Domain | Location |
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NV Holdings is focused on private equity and venture capital investments.
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Multiple sectors are invested in by this venture capital firm.
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Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors.
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Investor details for Believe
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Investments & Acquisitions by Believe
Investment portfolio details for Believe
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Financial Statements - Believe
Detailed financials for Believe
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Believe Comparisons
Peer comparison for Believe
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Competitors of Believe
Believe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Iba Cosmetics, Ecotrail Personal Care and Lafz, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Halal certified beauty products are offered by the internet-first brand.
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Halal certified beauty products are sold via an online platform.
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Organic multi-category beauty products are offered via internet-first brand.
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Detailed competitors of Believe
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Latest news on Believe
Complete news archive for Believe
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Frequently Asked Questions about Believe
Believe was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Believe is headquartered in Singapore, Singapore.
Ankit Mahajan is the current CEO of Believe. They have also founded this company.
Believe is a funded company, having raised a total of $87.01M across 4 funding rounds to date.
Annual revenue of Believe is $25.55M as on Mar 31, 2023.
Believe was founded in 2019 in Singapore as an online retailer in the beauty and personal care sector. Multi-category products, including toothbrushes, fragrances, and cosmetics, are provided through its domain believe.sg. All items are certified halal, alcohol-free, paraben-free, and free of animal-derived ingredients. Operations are based in Singapore, with co-founders Ankit Mahajan as CEO and Dheeraj Batra.
Believe's top competitors include Iba Cosmetics, Ecotrail Personal Care and Lafz.
Believe offers Vitamin C Cleanser and Hand Sanitizer.
Believe has 21 investors. Key investors include Accel, 360 One, Alteria Capital, Wamda, and Inuka Capital.
The valuation of Believe is $283.16M as of May 2024.