 "Ayurveda firm TAC raises Rs 100 cr in funding for business expansion")
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.
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.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%