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Chennai skin care startup CHOSEN secures USD 1.2 million in seed funding

Funding Alert

Chennai-based skincare startup CHOSEN has successfully raised $1.2 million in seed funding from friends and family. This is thanks to a $100,000 free grant from Peak XV Partners through the SPARK program, which supports women entrepreneurs.

Dr. Renita Rajan, founder of CHOSEN, shared her excitement about the new funding: “This seed round gives us the flexibility to strategically expand our operations and explore new areas of growth. Our next step is to explore partnerships with B2B sectors such as hospitality, health, travel and leisure to expand our distribution channels. Our goal is to secure $10 million to $20 million in pre-series funding later this year.”

CHOSEN, founded by cosmetic dermatologist Dr. Renita Rajan, is known for her commitment to safe and effective skin care formulations. The brand currently boasts 34 SKUs and is preparing 12 more products. Several new products are expected to be launched over the next 18 months to expand their range, which includes specialist ranges for pregnant and nursing mothers.

Dr. Rajan emphasized the company’s mission: “At CHOSEN, we are committed to creating long-lasting, safe and effective wellness solutions. Our products are designed to deliver lasting benefits and reflect our commitment to quality and innovation.”

With a current workforce of 130 employees, CHOSEN is on the verge of significant growth. The company plans to double its scale this fiscal and is positioning itself as a formidable player in the skin care industry.

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