Super Angels and Venture Catalysts joined Inflection Point Ventures in leading the seed funding of SkinQ Dermo cosmetics. An important step has been taken in SkinQ’s quest to commercialise state-of-the-art dermal cosmetics products with this fundraising round.
The cash will be carefully allocated on introducing cutting-edge items, stepping up R&D, growing the staff, and improving the brand’s visibility in the marketplace. With its distinct focus on melanin-rich skin, SkinQ is positioned to replace the traditional skincare business, and this investment marks the beginning of a transformative chapter for the company, as reported by indianweb2.
Dr. Chytra Anand, Founder, SkinQ, says, “Everyone deserves to have healthy glowing skin and access to best in the class solutions celebrating the diversity and uniqueness of Indian skin and melanin rich skin. With over 2/3 of the world’s population being Melanin rich there is an under representation with only 8% of skin solutions solving for them globally.
The alliance with IPV & our investors is a strategic enabler in our quest to redefine the skincare paradigm through a fusion of scientific ingenuity and technological innovation. This capital infusion is pivotal in augmenting our research and development bandwidth, enriching our bespoke product portfolio, and amplifying our outreach to a discerning customer base.”
Dermatologist-developed SkinQ is the first Made Safe certified active solution brand in India for Indian and skin-colored skin. One of the top physicians in the world, Dr. Chytra, has extensive expertise with various skin types, and you can benefit from her skill in creating simple yet effective skincare treatments.
Ivy Chin, Partner, Inflection Point Ventures, says, “By embracing the melanin-rich skin of Indians, SkinQ aims to revolutionise skincare by recognizing the unique needs of Indians . By addressing the distinct requirements of the melanin-rich skin, SkinQ has the potential to captivate the hearts of millions, who can truly appreciate the difference in its products.”
In July 2021, SkinQ made its debut in the Indian derma cosmetics market. Despite their youth, the brand offers 14 items that cover four distinct areas of skin concerns.