Makeo raises $16 million from 360 One Asset, others

Mumbai-based Makeo, the parent company of skincare, hair care brand ‘Skinnsi’ has secured $16 million (Rs 128 crore) in a bridge round led by 360 One Asset.

Ashish Kacholia, Eight Roads Ventures, Paramark Ventures from South Korea, and the family office of Medlife founders Prashant Singh and Tushar Kumar also participated in the funding round.

The funds will be utilised on the startup’s geographical expansion initiatives and scaling its experience centers.

Commenting on the funding, Dr Arpi Mehta, co-founder CEO at Makeo in a statement said, “Our mission is to ensure that clinical-grade makeovers are more accessible, affordable, and convenient to every Indian. The capital will enable us to strengthen our online and offline footprint, offering customers the convenience of accessing our services at their doorstep or through our physical experience centres.”

Founded in 2018 by Dr Arpi Mehta, Dr Pravin Shetty, Dr Manjul Jain, and Dr Anirudha Kale, Mkaeo currently has operations across 17 Indian cities and two cities in the UAE.

Makeo offers a range of skincare and haircare solutions, including microneedling treatments for hair fall, acne treatment kits, face washes, skin toners, moisturizers, and exfoliating peels.