Homegrown luxury hair care brand Hair Originals has raised $1.25 million in a pre-Series A funding round led by Anicut Capital, Kesh Kala Family Office, JITO Angel Network (JAN), Lets Venture, Dexter Angels, Pankaj Chaddah, Ex Co-founder Zomato and Ahana Gautam, Founder, Open Secret.
The brand aims to utilize the raised capital to scale its business operations by four times and achieve Rs 100 crore ARR by the end of 2024. It also aims to expand its presence to 25 cities in PAN India with experience centres across five major cities and introduce its D2C services in the US market.
“It is indeed a very important milestone for us to have JITO, Kesh Kala, and all our new investors on board. We’d also like to take this opportunity to thank our existing investors for their unwavering faith in us. “Their faith strengthens our resolve to disrupt the global hair extensions market,” said Jitendra Sharma, Founder of Hair Originals.
“We are proud to add this unique and ethical hair solutions provider to our portfolio,” said Pooja Mehta, Chief Investment Officer, JITO Angel Network, of the investment. We anticipate that Hair Originals will not only serve the domestic market, but also the growing global demand for hair extensions. We are particularly drawn to the company’s ethical procurement philosophy and look forward to a long and fruitful collaboration.”
Hair Originals, founded in 2019, was one of the startups that presented its case on Shark Tank India and received offers from all of the sharks.
It currently exports its products to more than 22 countries, including top luxury salons in the United States, Europe, and Africa.
