Recur Club has helped the skincare company Conscious Chemist raise Rs 1 crore in debt capital. Although the company was highlighted in Season 3 of Shark Tank India, no money was received from the show.
According to a press release from Conscious Chemist, the company intends to use the money for marketing initiatives to expand its product offerings, increase the reach of its brand, and open physical storefronts.
The B2C skin care product brand, which was co-founded in 2019 by Robin Gupta and Prakher Mathur, offers a range of products including face masks, serums, sunscreens, cleansers, moisturizers, and more.
According to the Gurugram-based company, it has over 4,00,000 customers on its platform and sells over 25,000 units each month. Retail chains such as Health & Glow and Shoppers Stop offer it nationwide. In order to maximize retail locations and increase its digital footprint, Conscious Chemist also intends to step up its online market penetration.
Mamaearth, SUGAR Cosmetics, mCaffeine, Color Bar, Kay Beauty, and other significant players are also present in this market.
Recur Club bases its startup investments on three fundamental principles: a minimum average revenue run rate (ARR) of Rs 1 crore, a minimum of six months of runway, and positive revenue growth. Recur Club charges lenders and borrowers 0.5% of their total revenue.
