Foxtale raises $18 million in funding round led by Panthera Growth Partners

Direct-to-consumer skincare brand Foxtale has raised $18 million (Rs 150 crore) in its series B funding round, led by Singapore-based Panthera Growth Partners.

Matrix Partners India and Kae Capital also participated in the funding round. The funds will be utilised towards expansion of digital footprint, category expansion, and hiring.

Commenting on the funding, Romita Mazumdar, founder of Foxtale in a statement said, “We are very excited to partner with Panthera Growth Partners as we continue to deepen our relationship with our existing investors. As a young brand, their experience has been incredibly pivotal at multiple times of growing and scaling Foxtale.”

Shilpa Kulkarni, founder of Panthera Growth Partners added, “As a growth equity investor focused on building profitable scalable businesses, we are thrilled to partner with Foxtale. Romita and her team have built an incredible business in a short time with a sharp focus on product and innovation. We are excited to support them as they continue an ambitious growth journey.”

Founded in 2021, Foxtale products are available on its website and various marketplaces such as Nykaa, Amazon, Blinkit, Flipkart, and Myntra.