Pilgrim Secures 200 Crore Funding at 3,000 Crore Pre-Money Valuation

Here’s a summarized list of the details extracted from the provided information:

Startup Information:

• Startup Name: Pilgrim
• Industry: Beauty and Personal Care
• Location: Mumbai, India
• Founders: Gagandeep Makker
• Business Model: Digital-native beauty brand with a focus on global ingredients.

Funding Details:

• Amount Raised: ₹200 Crore
• Pre-Money Valuation: ₹3,000 Crore
• Funding Series: Not explicitly listed, but includes mix of primary and secondary capital.

Investors:

• Existing Investors:
  • Narotam Sekhsaria Family Office
  • Vertex Ventures SEAI
  • Mirabilis Investment Trust
• New Investors:
  • Vertex Growth Fund
  • Anicut Equity Continuum Fund

Funding Date:

• Date of Funding Announcement: 18/03/2025

Additional Notes:

• Use of Funds: To accelerate growth and market expansion in India and beyond.
• Annual Run Rate (ARR): Exceeds ₹800 Crore.

This summarizes the relevant details of the funding round for Pilgrim.

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2025-03-18 10:22:58