VLCC raises Rs 110 Cr in funding from BlackSoil Capital
VLCC will use this funding round to support its growth activities and expansion of its business.
Homegrown beauty and wellness company VLCC has raised Rs 110 crore in funding from BlackSoil Capital to support its next phase of growth across its beauty, wellness, and personal care businesses.
According to a statement, VLCC, which is backed by global private equity firm Carlyle, will utilise this funding to support its ongoing business requirements and growth opportunities, including strengthening its operating platform and supporting the expansion of its businesses and subsidiaries.
Founded by Vandana Luthra in 1989, VLCC has grown into an integrated beauty and wellness platform with a presence across more than 250 locations in over 130 cities. Its businesses span beauty and wellness services, vocational training and personal care products, with operations across India, South Asia, the Middle East, and Africa.
Commenting on the development, Deepak Taluja, CEO, VLCC said, "This financing will enable us to pursue our growth plans across our businesses, including new product introduction and store network expansion. With increasing demand for organised beauty and wellness services and products, we remain focused on enhancing customer experience, expanding our reach, and building a stronger, future-ready platform."
VLCC has presence in 11 countries that includes India, Sri Lanka, Bangladesh, Nepal, Singapore, the UAE, Oman, Qatar, and Kuwait. Its portfolio includes its personal care brand VLCC and men's grooming brand Ustraa, alongside the VLCC Institute of Beauty & Nutrition.
In 2022, Carlyle acquired a majority stake in VLCC, followed by a further investment from Alpha Wave Ventures in 2025.
Ankur Bansal, Managing Director, BlackSoil, said, "The company has built a strong operating platform and is well-positioned to capitalize on the significant growth opportunity within India's expanding beauty and wellness industry.”
Established in 2016, BlackSoil is an alternative credit platform with Assets Under Management (AUM) of $275 million. The platform provides alternative credit solutions to fast-growing and underserved new-economy businesses across short- and long-term capital needs. Its portfolio includes eleven unicorns and fourteen publicly listed companies.