Funding · Commerce & Consumer Brands
Truth and Hair raises Rs 5.4 crore seed round
By Startup Enthusiast ·
- Date
- Company
- Truth & Hair
- What it does
- D2C hair beauty and styling brand
- Kind
- Funding
- Amount
- ₹5.4 crore
- Stage
- seed
- Based in
- Gurugram
- Founded
- 2024
What they do
Truth and Hair is a Gurugram-based direct-to-consumer brand focused on texture-first hair care products
What happened
The company raised Rs 5.4 crore in a seed round led by Inflection Point Ventures with participation from Shark Tank India alum Varun Alagh
Why it matters
Funds will support product innovation and marketing expansion in a growing Indian hair care market valued at $5.85 billion
The details
- Truth and Hair has raised ₹5.4 crore in a new seed funding round.
- The investment was led by Inflection Point Ventures (IPV), a Gurugram-based angel platform.
- Varun Alagh, co-founder of Mamaearth and Shark Tank India Season 5 judge, participated in the deal.
- This marks the first public funding event for the young startup founded in 2024.
- Total capital raised by the company now stands at approximately $842,000.
- Founders Saumya Alagh and Shailesh Singh retain full equity ownership as of early 2022 records.
- The company plans to use the funds for product innovation and marketing expansion.
- Distribution scaling is also a key priority for the upcoming growth phase.
The bigger picture
- The Indian hair care and styling market is projected to grow from $5.85 billion to $8.93 billion by 2029.
- This represents a compound annual growth rate (CAGR) of 8.8% over five years.
- Investors are betting on the niche of texture-first and scalp-science based formulations.
- Participation from a Shark Tank India judge signals validation of the D2C model in this sector.
About the business
- Truth and Hair operates as a direct-to-consumer (D2C) brand headquartered in Gurugram.
- It sells specialized hair beauty and styling products directly to consumers online.
- Key products include the Root Touch-Up Hair Mascara, 3-in-1 Curly Styler, and Flyaway Wand.
- The brand positions itself around multi-hair-type formulas catering to straight, wavy, and curly hair.
- Revenue for FY24 was ₹1.6 crore, down 25.8% from FY23’s ₹2.2 crore.
- The company employs 16 people as of the latest available data.
- Web traffic reached 84,680 visits in the last 30 days according to tracking sources.
- The founders hold 100% equity as of March 2022, indicating tight control over the business.
What happens next
- The company will focus on product innovation using the new capital.
- Marketing expansion is planned to reach more consumers across India.
- Distribution scaling aims to improve product availability and logistics efficiency.
The deal
- Type
- Seed Round
Investors
- Inflection Point Ventures (lead) — A Gurugram-based angel investment platform.
- Varun Alagh (co-lead) — Co-founder of Mamaearth and judge on Shark Tank India Season 5.
Founders
- Saumya Alagh, Co-founder
- Shailesh Singh, Co-founder
About Truth & Hair
- Product
- Hair makeup and styling products including Root Touch-Up Hair Mascara, Curly Styler, and Flyaway Wand designed for multiple hair types
- Customers
- Consumers seeking hair beauty and styling solutions for straight, wavy, and curly hair textures
- How it makes money
- Direct-to-consumer D2C model with focus on science-led formulations and hair texture diversity
- What sets it apart
- Founded by trichologist with products formulated for multiple hair textures rather than single type
- Operations
- E-commerce and retail distribution with consumer education on hair texture and scalp health
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