India's first Web3 cosmetics brand Heart Of Shades closes pre-seed round at a valuation of Rs 40 million

10/11 21:12

According to lokmattimes, Heart Of Shades, India's first Web3 cosmetics brand, has announced that it has closed a pre-seed round of funding at a valuation of Rs 40 million with the participation of several angel investors and HNI, but the exact amount of funding has not yet been disclosed. The Bangalore-based startup, founded in 2022 by female entrepreneur Niharika Dolui, will reportedly use the funding to expand their market, accelerate frontline production, develop cutting-edge technology and drive brand-building activities.

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