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TAC, an Ayurveda products firm, has raised Rs 100 crore in a funding round led by Sixth Sense Ventures and participation from actress Kajal Agarwal, start-up founders, and venture debt funds.
TAC, or the Ayurveda Co, said its business grew more than 300 per cent in the last 10 months, helped by retail stores and online channels. "This Series A funding is a significant milestone for TAC and will enable the company to further its mission of bringing Ayurvedic wellness to a wider audience," said Shreedha Singh, co-founder and chief executive officer, of the firm
The company will use the funding for manufacturing, research and development, and expanding its offline presence. TAC plans to integrate and automate its personalized skin, hair and wellness products manufacturing.
"TAC enjoys a robust online community with Ayurveda at the heart of it. At the cusp of aspiration, affordability and accessibility, within six months, TAC has shown stellar retail seeding, expansion & growth pan India," said the company’s founder Param Bhargava.
TAC said it has formed a strategic partnership with Make a Difference (M.A.D) a not-for-profit organisation, to fund the education and empowerment of underprivileged girls in India.
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First Published: Mon, March 13 2023. 19:20 IST
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