Indian magnificence and wellness agency VLCC has raised Rs 110 crore from BlackSoil Capital to help the enlargement of its magnificence, wellness and private care companies.

The corporate stated the funding will likely be used for ongoing enterprise necessities and development alternatives, together with strengthening its working platform and increasing its companies and subsidiaries.

VLCC CEO Deepak Taluja stated the financing would help new product launches and enlargement of the corporate’s retailer community.

“This financing will allow us to pursue our development plans throughout our companies, together with new product introduction and retailer community enlargement,” Taluja stated.

He added that VLCC will proceed to deal with bettering buyer expertise and increasing its attain as demand for organised beauty and wellness companies and merchandise grows.

Based in 1989, VLCC operates throughout magnificence and wellness companies, personal care merchandise and vocational schooling.

The corporate claims its operations span 310 areas throughout 139 cities, masking India and abroad markets in South Asia, Southeast Asia, the Center East and Africa.

Its portfolio contains the VLCC private care enterprise, males’s grooming model Ustraa and the VLCC Institute of Magnificence & Diet.

World funding agency Carlyle introduced its acquisition of a majority stake in VLCC in January 2023. It stays backed by Carlyle.

Ankur Bansal, managing director of BlackSoil, stated VLCC was properly positioned to learn from development in India’s magnificence and wellness business.

“The corporate has constructed a robust working platform and is well-positioned to capitalise on the numerous development alternative inside India’s increasing magnificence and wellness business,” Bansal stated.

Established in 2016, BlackSoil is an alternate credit score platform. The corporate stated it has belongings underneath administration of $275 million and supplies financing to rising companies throughout short- and long-term capital necessities.