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D2C personal care brand The Ayurveda Co. (TAC) is closing down and getting ready to clear its remaining stock, according to a social media post by its Founder and CEO, Shreedha Singh.
“We are wrapping up TAC. June 5 will be TAC’s 4th and final birthday,” said Singh, urging users to visit the website for one last chance to shop its products.
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Despite a 65% jump in revenue to ₹59.6 crore in FY24, losses tripled to ₹68 crore as expenses nearly doubled to ₹109.5 crore from ₹55.6 crore the previous year.
The Shark Tank-featured brand had raised $12.2 million in a Series A funding round led by Sixth Sense Ventures, with actress Kajal Agarwal also investing.
The funding came when The Ayurvedic Company was expanding into global markets like the Middle East and Dubai.
About The Ayurvedic Company
Backed by Sixth Sense Ventures, The Ayurvedic Company (TAS) was started in 2021 by Param Bhargava and Shreedha Singh, who had earlier launched Khadi Essentials in 2019.
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