RAS, a farm-to-face luxury skincare and personal care company, has raised $1.5 million in its pre-Series A round from Green Frontier Capital, a New York-based venture capital firm that focuses on climate change and sustainability, as well as current investors.
According to a press release from RAS, the money will be used for product innovations, a focus on offline EBOs, and global expansion.
According to RAS, it is expanding its staff and aggressively hiring new employees in both its Raipur and Mumbai offices, creating a variety of touch points across India using omni channels, and enhancing its brand presence by collaborating with pertinent channels.
RAS, a startup with a dedicated vertically integrated research facility and farms in Raipur, Chhattisgarh, was founded by Shubhika Jain, Sangeeta Jain, and Suramya Jain. RAS sells beauty and skincare products with natural ingredients and powerful scientific formulations.
According to the business, it has grown 20 times in the last two years and has been expanding at a rate of 300% per year since its inception.
The GFC is a fund that only invests in green industries and is solely focused on climate change. Among the companies in its portfolio are BluSmart Mobility, Chupps, Battery Smart, Revfin, EMotorad, ElectricPe, and Zero Cow Factory.
