Powered by

Home Funding News

[Funding News] Asaya Secures $1.5 Mn Funding from OTP Ventures and Others

By Team VS
New Update
publive-image

Asaya, a premium skincare brand, has secured Rs 12 crore ($ 1.5 million) in a seed funding round anchored by OTP Ventures and Huddle Ventures, with additional investments from Eternal Capital.

Asaya stated the funds will be allocated to the development of additional products that address the specific requirements of melanin and melanin-centric research. Additionally, a portion of the funding will be allocated to expand the market.

Read also - HealthPresso Raises $1 Mn in Pre-Series A Funding Round

OTP Ventures and Huddle Ventures, in conjunction with Eternal Capital, were the primary investors in the funding round.

Asaya provides a variety of products, including face cleansers, moisturizers, serums, sunblock, shower oil, and hand cream, catering to a variety of skin types, including oily, normal, dry, combination, and sensitive. The brand sells its products on its website and through online retail platforms such as Nykaa, Amazon, Flipkart, and Myntra. It provides 23 SKUs.

Neeraj Biyani, co-founder, Asaya, said: “Our products have received an overwhelmingly positive response, indicating strong product-market fit for many items in our lineup. This funding will help us go from 20,000 to over 250,000 consumers in the next 12 months,”

About Asaya

Founded in 2023 by Neeraj Biyani, Mandeep Bhatia, and Eeti Sharma, Asaya range of melanin-first skincare. Made with science, researched with rigour, and crafted with love and kindness — our offerings stand in sharp contrast against the grain of generic solutions and formulations.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.

Read the Next Article

BitSave has raised Undisclosed Amount in Pre-Series A Round Funding

BitSave is based in Bengaluru, aims to make crypto investing easier by simplifying asset selection, ensuring transparency offering personalized support, and focusing on safety.

By Aryan Sharma
New Update
BitSave has raised Undisclosed Smount in Pre-Series A Round Funding

Crypto investment platform BitSave has raised an undisclosed amount in its pre-Series A funding round, led by Leo Capital.

The funds will be used to secure necessary licenses, improve product offerings, and increase brand awareness, according to BitSave.

Read Also - Amit Bhardwaj Join Battery Smart as CFO

Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan, BitSave focuses on long-term passive investment solutions for working professionals and high-net-worth individuals (HNIs). The company’s main product is a crypto index that tracks the Bloomberg Galaxy Crypto Index, with an option for monthly SIPs.

BitSave is based in Bengaluru, aims to make crypto investing easier by simplifying asset selection, ensuring transparency offering personalized support, and focusing on safety. The company wants to make crypto a more investor-friendly asset by offering passive investment products for long-term growth.

To address safety concerns, BitSave stores client assets in insured institutional custody and makes them visible on the blockchain through Proof of Reserves and Liabilities.

The company has grown to over 500 active clients and manages assets worth more than Rs 4 crore. In 2025, BitSave plans to expand its operations beyond India to other Asian countries, with the goal of becoming a globally trusted crypto investment platform.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding News: Stay updated with the latest news and trends in startup funding and investment.