About Plum
Plum is a company based in Thane (India) founded in 2013 by Shankar Prasad and Prasanya Chennapatnam. It operates as a Direct-to-Consumer (D2C). Plum has raised $103.79 million across 7 funding rounds from investors including Faering Capital, A91 Partners and Rashmika Mandanna. The company has 305 employees as of May 09, 2024. Plum offers products and services including Niacinamide & Rice Water Face Serum, Vanilla Caramello Eau De Parfum, and Coconut Milk & Peptides Shampoo. Plum operates in a competitive market with competitors including Mamaearth, MyGlamm, WOW Skin Science, Minimalist and Juicy Chemistry, among others.
- Headquarter Thane, India
- Employees 305 as on 09 May, 2024
- Founders Shankar Prasad, Prasanya Chennapatnam
- 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 Pureplay Skin Sciences (India) Private Limited
- Date of Incorporation 08 Oct, 2013
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$38.76 M (USD)71.31as on Mar 31, 2023
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Net Profit
$-6.36 M (USD)-66.18as on Mar 31, 2023
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EBITDA
$-7.6 M (USD)-99.53as on Mar 31, 2023
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Total Equity Funding
$103.79 M (USD)
in 7 rounds
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Latest Funding Round
$94.86 K (USD), Angel Round
Jun 23, 2022
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Investors
Faering Capital
& 6 more
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Employee Count
305
as on May 09, 2024
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Products & Services of Plum
Plum offers a comprehensive portfolio of products and services, including Niacinamide & Rice Water Face Serum, Vanilla Caramello Eau De Parfum, and Coconut Milk & Peptides Shampoo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Brightens skin instantly with hydration, dermatologically tested product.
Long-lasting fragrance with vanilla and caramel notes.
Softens and nourishes hair strands for all types.
Funding Insights of Plum
Plum has successfully raised a total of $103.79M across 7 strategic funding rounds. The most recent funding activity was a Angel Round round of $94.86 thousand completed in June 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 7
- Last Round Angel Round — $94,856
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First Round
First Round
(30 Nov 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Angel Round - Plum | Valuation | Rashmika Mandanna |
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| Mar, 2022 | Amount | Series C - Plum | Valuation | A91 Partners | |
| Mar, 2022 | Amount | Series C - Plum | Valuation | A91 Partners |
| 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 Plum
Plum has secured backing from 7 investors, including angel and venture fund investors. Prominent investors backing the company include Faering Capital, A91 Partners and Rashmika Mandanna. 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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Investment partnerships and support for founders in software, financial services, and consumer sectors.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on consumer tech and multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm managing investments in Indian sectors.
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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 Plum
| 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 - Plum
| 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 |
Plum Comparisons
Competitors of Plum
Plum 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 Mamaearth, MyGlamm, WOW Skin Science, Minimalist and Juicy Chemistry, 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 |
Online brand offering multi-category natural skin care and makeup products
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| domain | founded_year | HQ Location |
Online platform selling beauty products, makeup, skincare, and cosmetics in India.
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| domain | founded_year | HQ Location |
Organic beauty products are offered by an internet-first brand.
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| domain | founded_year | HQ Location |
Manufacturer of skincare, haircare, and baby care products addressing various skin and hair concerns
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| domain | founded_year | HQ Location |
Natural skin and hair care products are sold online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Plum
Frequently Asked Questions about Plum
When was Plum founded?
Plum was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is Plum located?
Plum is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Who is the current CEO of Plum?
Shankar Prasad is the current CEO of Plum. They have also founded this company.
Is Plum a funded company?
Plum is a funded company, having raised a total of $103.79M across 7 funding rounds to date. The company's 1st funding round was a Series C of $35M, raised on Nov 30, 2018.
How many employees does Plum have?
As of May 09, 2024, the latest employee count at Plum is 305.
What is the annual revenue of Plum?
Annual revenue of Plum is $38.76M as on Mar 31, 2023.
What does Plum do?
Plum is engaged in the development and sale of 100 vegan skincare, haircare, and body care products. The company operates in the personal care sector, providing a wide range of solutions including face serums, moisturizers, shampoos, and fragrances. Products are formulated with science-backed ingredients like niacinamide, vitamin C, and rice water, targeting various skin and hair concerns. Distribution is facilitated through an online platform, ensuring accessibility to a broad customer base in India and potentially beyond.
Who are the top competitors of Plum?
Plum's top competitors include MyGlamm, Mamaearth and Deconstruct.
What products or services does Plum offer?
Plum offers Niacinamide & Rice Water Face Serum, Vanilla Caramello Eau De Parfum, and Coconut Milk & Peptides Shampoo.
Who are Plum's investors?
Plum has 7 investors. Key investors include Faering Capital, A91 Partners, Rashmika Mandanna, Unilever Ventures, and Trifecta Capital.
What is Plum's valuation?
The valuation of Plum is $231.49M as of Mar 2022.
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