Mumbai: VLCC, India’s leading homegrown beauty and wellness company, has secured ₹110 crore in financing from BlackSoil Capital to support its next phase of growth across its beauty, wellness, and personal care businesses.
The financing comes as VLCC, backed by global investment firm Carlyle, continues to scale its integrated beauty and wellness platform across services, personal care products, vocational education, and international markets.
The capital will support the company’s 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 developed into an integrated beauty and wellness platform with a presence across more than 250+ locations in over 130 cities.
The company’s businesses span beauty and wellness services, vocational training, and personal care products, with operations across India, South Asia, the Middle East, and Africa.
The investment from BlackSoil Capital is expected to support VLCC as it continues to pursue its growth plans across its businesses, including product development and expansion of its store network.
Also Read: CCPA Fines VLCC Limited INR 3 Lakh for Misleading CoolSculpting Advertisements
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.”
Ankur Bansal, Managing Director, BlackSoil, said, “VLCC is category leader and with over three decades of brand equity, a resilient, high-margin clinic network and international scale.
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.
Its diversified presence across services, personal care and international markets positions the company well to capture this opportunity. We are pleased to support VLCC as it enters its next phase of growth.”
The financing will further support VLCC’s integrated business platform, which combines beauty and wellness services with personal care products, vocational education, and international operations.
The company has built its presence across multiple markets, with its operations extending beyond India into South Asia, the Middle East, and Africa.
BlackSoil Capital provides alternative credit solutions to high-growth businesses across sectors, supporting companies with flexible financing to scale operations and unlock long-term value.
The platform provides alternative credit solutions to fast-growing and underserved new-economy businesses across short- and long-term capital needs.
BlackSoil’s portfolio includes eleven unicorns and fourteen publicly listed companies. The firm has built a diversified portfolio across sectors and stages of business growth, with its investments spanning high-growth businesses and companies at different stages of development.
For VLCC, the ₹110 crore financing from BlackSoil Capital comes as the company continues to strengthen its operating platform and pursue expansion opportunities across its beauty, wellness, personal care, vocational education, and international businesses.
