Kult, a startup using AI to offer personalised skincare recommendations, raises Rs 170 crore in funding

Here’s the information extracted from the provided text regarding Kult:

Overview of Kult

1. Startup Name: Kult
2. Founders: Karishma Singh and Ruchika Pallavi
3. Description: A tech-forward beauty discovery platform using AI for personalized skincare recommendations.

Fundraising Details

1. Funding Amount: $20 million (over ₹170 crore)
2. Funding Series: Series A
3. Date of Fundraising: Not specified in the text.

Investors

1. Lead Investors:

   • Dr. Payal Kanodia
   • Aishwarya Bansal (M3M Family Office)
2. Participating Investor:
   • Venture Catalysts

Purpose of Fundraising

• Expand product offerings
• Grow the team
• Scale operations across India
• Onboard over 700 premium beauty products
• Process more than 10,000 daily orders by the end of 2025

Financial Objectives

• Targeting a gross merchandise value (GMV) of ₹650–700 crore for the ongoing fiscal year.
• Plans to hire over 200 professionals in various roles.

This information summarizes the key aspects of Kult’s recent funding round and its operational goals.

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2025-05-03 14:35:07