2019
Kolkata (India)
Seed
WishCare, is a internet-first brand specializing in natural, toxin-free beauty and personal care products. Operating under the parent company Rabiko Lifestyle Private Limited, WishCare has carved a niche in the Indian skincare and wellness market by offering clean, conscious and cruelty-free products. The brand's mission is to deliver high-quality solutions that prioritize customer well-being while maintaining eco-friendly and sustainable practices.
Skincare: Products targeting pigmentation, oil balance, brightening and moisturizing.
Haircare: Clinically tested solutions for hair fall, hair growth, scalp exfoliation and root strengthening.
Sun care and body care: Protective and soothing formulations for sun exposure and body wellness.
All products are natural, toxin-free, and developed with biomimetic science.
Revenue generation: Primarily through direct-to-consumer (D2C) online sales via the company’s website and e-commerce platforms.
Business unit/geography: Over 90% of revenue is generated from the Indian market, with a growing focus on digital sales channels.
Customer segmentation: Exclusively B2C, targeting individual consumers rather than enterprises or SMBs.
Latest data: WishCare has raised ₹20 crore (approx. $2.4M) in funding, supporting its expansion and marketing efforts.
Top clients: Not publicly disclosed, as the company operates on a D2C model and does not rely on large institutional buyers.
Partnerships: No major joint ventures or long-term contracts reported; growth is driven by digital marketing and organic customer acquisition.
Client concentration risk: Minimal, given the broad consumer base and digital distribution model.
Diversification initiatives: Focus on expanding product lines and increasing brand awareness through influencer partnerships and dermatologist endorsements.
Growth drivers: New product launches, deeper penetration into the Indian personal care market and potential for regional expansion (reflecting recent market trends).
Risks and headwinds: Regulatory scrutiny in cosmetics, rising competition in the D2C space, and macroeconomic pressures on consumer spending.
Management targets: Aim to double market share and expand product portfolio within the next two years.
Capital-allocation priorities: Investment in R&D, digital marketing, and talent acquisition to sustain growth momentum.
$2.4 Million
1
$2.4 Million, Seed
as of October 18, 2023
$16.9 Million
as of October 18, 2023
0.142
as of October 18, 2023
Unilever Ventures
and 1 more31
Pureplay Skin Sciences
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
October 18, 2023 | Seed | $2.4 Million | $16.9 Million | $5.9 Million | 2.5x | Unilever Ventures, Twenty Nine Capital Partners |