Funding · Commerce & Consumer Brands

VLCC raises ₹110 crore from BlackSoil Capital

By Startup Enthusiast · 3 September 2026

What they do

VLCC operates an integrated platform across beauty and wellness services, personal care products, and vocational education training centers

The company raised ₹110 crore in debt financing from BlackSoil Capital to fund store network expansion and new product launches

This capital injection supports the company's growth strategy under its majority owner, the global investment firm Carlyle

Beauty and wellness firm VLCC has raised ₹110 crore in debt financing from BlackSoil Capital.
The company plans to use these funds to expand its store network and introduce new products.
The capital will also support ongoing business requirements and the growth of its various subsidiaries.
VLCC currently operates across 11 countries with a presence in over 310 locations.
The firm continues to scale its operations under the majority ownership of Carlyle Group.

The investment follows a period of expansion for VLCC, which acquired the men's grooming brand Ustraa in 2023.
VLCC is positioning itself to capture growing demand for organized beauty and wellness services in India and overseas.
BlackSoil Capital noted that VLCC's established brand equity and high-margin clinic network made it an attractive investment.

VLCC provides a range of skincare, beauty, and weight management services through its clinic network.
The company operates the VLCC Institute of Beauty & Nutrition to train professionals in the wellness industry.
It sells a variety of personal care products directly to consumers.
The company owns the men's grooming brand Ustraa.
It employs over 3,000 professionals, including doctors, nutritionists, and cosmetologists.

BlackSoil Capital (lead) — An alternative credit platform providing financing to high-growth businesses.
Carlyle Group (existing) — A global investment firm that acquired a majority stake in VLCC in 2023.

Customers: Consumers seeking beauty, wellness treatments, personal care products and vocational education
How it makes money: Retail salons providing beauty and wellness services, alongside personal care product sales
What sets it apart: Established brand presence across 310 locations in 139 cities with integrated beauty-wellness ecosystem