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A huge investment backs SkinQ’s melanin-rich skincare goals
SkinQ, a trailblasing skincare brand championing the needs of melanin-rich skin, recently secured a substantial seed investment from Inflection Point Ventures (IPV) in conjunction with Venture Catalysts and Super Angels. Revamping skincare standards, SkinQ has been founded by acclaimed dermatologist Dr Chytra V Anand to empower individuals and enhance their confidence. The company wants to improve over 10 million people’s skin quotient in three years, and this investment is a huge milestone.
A capital infusion spearheaded by IPV will fund the company’s bold growth objectives, including new product development, research and development, team expansion, and market expansion. The company offers dermatologist-curated melaninrich skin care. As reported in the news, Dr Chytra Anand’s skin health expertise inspired Meera Iyer’s creation. Ivy Chin, partner at Inflection Point Ventures, lauded SkinQ for targeting Indian skin and added that its innovative products might reach millions.
The brand has surpassed milestones, increased monthly sales, and strategically expanded distribution channels. The company has garnered prominent industry accolades for its novel approach to skin colour issues and successful treatment. Globally, the dermatology makeup market is estimated to reach $130 billion by 2030, and the Indian market will reach $450 million. The company’s commitment to innovation and inclusivity makes it a promising candidate for success in the ever-changing skincare industry.