Dr. Sheth's raises funding from Mumbai Angels Network

April 17, 2019:  Dr. Sheth’s, a celebrity dermatologist backed, vegan, luxury skincare line, raises funding fromMumbai Angels Network (MA Network), India’s premier platform for venture investing. The total round was INR 4 Crores, of which 3 Crores was raised from MA Network, and the remaining amount from other investors.  Founded in 2016, Dr. Sheth’s range of personal care products is designed exclusively for the Indian skin, embraces the clean beauty movement, and is vegan, free of harmful ingredients such as parabens, sulphates, or phthalates. The collection was developed by three generations of Indian skin doctors including famous celebrity dermatologist, Dr. Rekha Sheth, and has several A-list Bollywood celebrities as clients. The company offers a range of personal care products such as sunscreens, brightening cleansers, antioxidant moisturizers and toners, masks, eye creams, and peels. The Mumbai based firm will be using the funds to scale operations, build brand awareness, develop new product line, and launch in international markets.   “We see Dr. Sheth’s as a company with a sharp focus on their product line and see them growing successfully in the natural beauty market with their targeted consumer approach.  We as a venture investment platform are backing innovative businesses and strong founders and are happy to welcome Dr. Sheth’s to the growing MA Network family,” said MA Network CEO & MD, Nandini Mansinghka. About Mumbai Angels Network: Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing.  The network is today 400+ members strong, across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 8000 companies we review every year. MA Network now has a 130+ strong portfolio with 30+ exits; several of whom were at multiples comparable with global benchmarks in new venture investing. About Dr. Sheth’s: Dr. Sheth’s products are specially designed for Indian skin. They combine nature and science to create an exquisite, medically tested, luxury brand that contains the expertise of three generations of Indian skin doctors.