24, January 2023: CosIQ, one of the fastest-growing skincare brands, has raised INR 3.5 million through Consumer Stock Ownership Plan (CSOP) round that ensures investment security with minimum guaranteed returns. In this fundraising drive, 292 people invested in the company.
The company had invited investors early this year to invest in the business starting from INR 5K. With this investment, investors became a part of the company which has impressed every stakeholder with its unique and quality products.
“We are extremely excited to see the response and trust of investors who extended their support to take India’s best molecular skincare brand to the next level. In a short time, we have become the first choice of consumers due to our continued focus on catering to their skincare needs. Our products received recognition at the prestigious Sark Tank platform and Veenita Singh and Anupam Mittal became a part of our journey. We will invest this amount in R&D, enhancing product quality and other purposes,” Kanika Talwar, Co-founder- CosIQ, said.
The company has a product and business expansion plans to offer products to more consumers and successfully meet the demand it is receiving. Research and quality will remain at the center. With the overwhelming response in the first round, CosIQ is planning to come up with a second round at the same terms and valuation where investors can invest from INR 5K onwards in the company by the next week.
In its seed funding round, CosIQ raised INR 5 million from Shark Tank India judges Vineeta Singh, CEO of SUGAR Cosmetics, and Anupam Mittal, Founder, and CEO, Shaadi.com during the first season of the TV show.
Founded by Kanika Talwar and her husband Angad Talwar, CosIQ offers products backed by effective clinical technologies, concentrating on clean ingredients with efficacious formulations that give real results.