About Enrich Beauty
Enrich Beauty is a company based in Mumbai (India) founded in 1997 by Vikram Bhatt, Rohit Devchand Dedhia, and Rohit Dedhia was acquired by WestBridge Capital in May 2019.. Enrich Beauty has raised $37.28 million across 6 funding rounds from investors including WestBridge Capital, JM Financial and Konark group. The company has 1,552 employees as of December 31, 2021. Enrich Beauty operates in a competitive market with competitors including Naturals, YLG, Glam Studios, IHHR Hospitality and Lakme Salon, among others.
- Headquarter Mumbai, India
- Employees 1552 as on 31 Dec, 2021
- Founders Vikram Bhatt, Rohit Devchand Dedhia, Rohit Dedhia
- Stage Minicorn
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.28 M (USD)
in 6 rounds
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Latest Funding Round
$19.36 M (USD), Series C
Jan 12, 2022
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Investors
WestBridge Capital
& 13 more
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Employee Count
1552
as on Dec 31, 2021
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Acquired by
WestBridge Capital
(May 15, 2019)
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Funding Insights of Enrich Beauty
Enrich Beauty has successfully raised a total of $37.28M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $19.36 million completed in January 2022. 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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $19.4M
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First Round
First Round
(15 Sep 2010)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - Enrich Beauty | Valuation | Konark group , MMPL Trust | |
| Dec, 2020 | Amount | Series C - Enrich Beauty | Valuation | Konark group , MMPL Trust |
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| Jun, 2016 | Amount | Angel Round - Enrich Beauty | Valuation | Akshay Jain |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Enrich Beauty
Enrich Beauty has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include WestBridge Capital, JM Financial and Konark group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is provided to multiple sectors by MMPL Trust.
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Founded Year | Domain | Location | |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Growth-equity focused private firm investing in SMEs
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Enrich Beauty
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Enrich Beauty
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Enrich Beauty Comparisons
Competitors of Enrich Beauty
Enrich Beauty 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 Naturals, YLG, Glam Studios, IHHR Hospitality and Lakme Salon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Beauty care services for hair, skin, and makeup are provided.
|
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| domain | founded_year | HQ Location |
Chain of salons with their own brand of beauty products
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| domain | founded_year | HQ Location |
Salon appointments for beauty services are booked online by location.
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| domain | founded_year | HQ Location |
Beauty and spa services are provided by IHHR Hospitality.
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| domain | founded_year | HQ Location |
Provides comprehensive skin care treatments through professional salon services.
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| domain | founded_year | HQ Location |
Blown provides luxury haircuts, manicures, and beauty treatments in Bengaluru.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Enrich Beauty
Frequently Asked Questions about Enrich Beauty
When was Enrich Beauty founded?
Enrich Beauty was founded in 1997 and raised its 1st funding round 13 years after it was founded.
Where is Enrich Beauty located?
Enrich Beauty is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Enrich Beauty?
Vivek Bali is the current CEO of Enrich Beauty.
Is Enrich Beauty a funded company?
Enrich Beauty is a funded company, having raised a total of $37.28M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $374.79K, raised on Sep 15, 2010.
How many employees does Enrich Beauty have?
As of Dec 31, 2021, the latest employee count at Enrich Beauty is 1,552.
What does Enrich Beauty do?
Enrich Beauty is linked to the beauty industry, potentially offering products or services. Specific details about sectors, solutions, or operations are not provided on the site. The scope of activities remains unclear due to limited content.
Who are the top competitors of Enrich Beauty?
Enrich Beauty's top competitors include Naturals, Glam Studios and IHHR Hospitality.
Who are Enrich Beauty's investors?
Enrich Beauty has 14 investors. Key investors include WestBridge Capital, JM Financial, Konark group, JM Financial Private Equity, and MMPL Trust.
What is Enrich Beauty's valuation?
The valuation of Enrich Beauty is $59.49M as of Jan 2022.