Hair Originals, a startup that sells hair extensions, has raised $5 million in a Series A funding round. The round was led by 12 Flags Consumer Holdings and Anicut Growth Fund. Peyush Bansal, the co-founder of Lenskart, also took part in the funding.
The company plans to use the money to grow its business. It wants to offer its “try-at-home” hair extension service in 40 cities. It also aims to open up to 30 of its own experience centers in the next year.
Additionally, Hair Originals will invest in research and development. Jitendra Sharma and Piyush Wadhwani founded Hair Originals. They are excited about the new funding and the company’s plans to expand.
Hair Originals is not the only startup to recently secure funding. Several other early-stage companies have also raised money from investors.
hair Originals’ expansion plans
Mealawe, a food-tech startup, raised $1 million. The company connects home chefs with customers who want home-cooked meals. Mealawe plans to expand to 14 new cities in the next 10-12 months.
Its goal is to deliver one million meals per month. Dreamfly Innovations raised $1.4 million in a seed funding round. The company is developing high-power-density batteries for drones, aviation, and aerospace.
It will use the funds to scale production, grow its team, and advance its research and development. Fitspire, a nutrition brand, secured $1 million in a pre-Series A round. The company offers nutrition and protein supplements.
It will use the funding to expand its market presence, build its brand, and create new revenue streams. These funding rounds show that investors are interested in supporting early-stage startups across various industries. The investments signal strong growth potential and expanding innovation in these companies.
