Launched in 2017, Fireside Ventures is an early-stage venture fund, managing $170 Mn of AUM with investments in businesses with a focus on consumer brands. Fireside invests in young start-ups and supports them through their evolution by providing in-house resources along with a partner and advisor network.
INVC NEWS
New Delhi ,
Nat Habit, a personal care brand which uses FRESH natural, preservative & chemical free products, raised $4 Million in Series A funding. This round was led by consumer-brands-focused Fireside Ventures, along with participation from existing investors. The round also provided exits to some of the early angel investors. The new round will be used to accelerate growth, increase channel presence, expand categories, and invest in marketing, technology and scouting for fresh talent. Dipanjan Basu, Partner, Fireside Ventures, will be joining the Nat Habit board.
Nat Habit founded in 2019; has been funded in the earlier round by VC firms Surge Ventures (Sequoia), Whiteboard Capital, and many leading FMCG angel investors including CEO of Spencer, Snapdeal, Paperboat, Epigamia, and Yogabar, and since then has witnessed a growth of over 30X in the last 1 year itself.
The company aims to re-imagine the personal care space through FRESH made 100% natural, preservative & chemical free products. Nat Habit combines the wisdom of Ayurveda with modern science to innovate superior quality products without the need of any chemicals whatsoever. The company also makes these products fresh every day in its Ayurvedic kitchen and delivers them “Ekdum Taaza” to customers at their doorstep.
Nat Habit is a fast-growing D2C personal care brand that offers 100% natural skin care and hair care products inspired by Ayurveda. The products are prepared via authentic Ayurvedic methods such as slow heat infusions, slow decoctions, deep soaking, etc and the ingredients used are fresh milk, yogurt, flowers, herbs, oils, butters, pulps and juices of fresh fruits and vegetables
“We are excited to partner with Swagatika and Gaurav at Nat Habit. They are innovating and re-imagining the way personal care is consumed and used in India. By using fresh from the kitchen ingredients, they are bringing back the roots of India to the customers. At Fireside, we have always been bullish on innovation led brands in personal care and Nat Habit’s innovative products is going to bring FRESHNESS to the customers doorstep.” said Dipanjan Basu, Partner Fireside Ventures.
In its earlier seed rounds, Nat Habit had closed $2M funding. It has since expanded into a wide range of skin, hair & baby care products with 200+ SKUs and has built a strong supply chain to deliver fresh products to every corner of the country. The brand sells directly via its own website as well as marketplaces such as Amazon, Flipkart, Tata Cliq, Meesho, etc
“We are a brand with deep-rooted intent to provide superior quality products & exceptional brand experience. We are proud to have done that with an innovative DNA & a non-shattering commitment to honest products & services. The brand has pushed the envelope of the personal care industry. It has given consumers an offering that perhaps never would have been given in the traditional realm of personal care. Our vision is to grow into a 1000 Cr natural living brand in 5 years, bringing as many as possible, truly close to nature.” said Swagatika Das, Founder, Nat Habit.
“There are some areas that standout for us: First, we have been able to build the brand primarily using our website, with just 10% of the revenue coming from the marketplaces unlike most other brands that thrive only on marketplaces. We now plan to leverage the marketplaces to drive the next wave of our growth. Second: We have a strong focus on innovation and have been able to launch multiple unique products on a consistent basis. This is also helping shape the natural personal care industry. We will continue to launch cutting edge products to accelerate the growth. Having our own manufacturing gives us an edge – it allows us to execute the vision of launching innovative products, fresh everyday without the need for preservatives & chemicals.” said Gaurav Agarwal, Co-founder, Nat Habit
