Get All Access for $5/mo

O'2 Nails India Raises $75000 From Atal Incubation Centre — BIMTECH The fund raised will be used to expand the brand's retail footprints and products development

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

O'2 Nails India, a fashion retail startup that specialises in nail care space, has raised $75000 funding led by Atal Incubation Centre — BIMTECH under the government of India's Startup India initiative along with Parul Aggarwal, G. Sowmya (product head, Google), Sanjay Vijayvargiya (partner, Mahindra Holiday) and some marquee investors. The funding comes in the form of debentures under the Seed fund scheme. The fund raised will be used to expand the retail footprints and products development.

"We are grateful to our investors who are delighted that we are progressing with 5 times growth on yearly basis. We are also adding 10 boutiques in this quarter year and taking our total number to 50 with 90 per cent She Power, which takes our consumer base to 100,000 regular paid customers," said Aparna Singh, CEO, O'2 Nails India.

The brand is on a mission to change the nail care industry by simplifying the process of getting quality manicures through its technology-enabled Digital Nail Art Boutiques network. It is currently operating with fifteen boutiques in Delhi, Noida, Indore, Bhopal, Hyderabad and so on, serving more than 25000 clients, the company claimed in a statement.

"AIC-BIMTECH has always been interested in ventures which are looking at new markets, new tech or exploring new opportunities in existing markets. We are quite optimistic about the industry's growth and the rapid expansion of 0'2 Nails India," said Abha Rishi, CEO, Atal Incubation Centre-BIMTECH.

Founded in 2017, O'2 Nails India is a consumer and fashion retail startup in the nail care domain. It is working towards empowering women with their franchisee concept in retail.

According to reports, Indian fashion retail industry which is currently estimated at $54 billion will grow at a CAGR of 8.1 per cent to reach $118 billion by 2028.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.

Marketing

Your Most Powerful Marketing Weapon Is Hiding in the Finance Department — Here's Why

Transform your marketing leadership by turning finance from a barrier into a strategic ally. Learn how aligning with your finance team can drive unprecedented growth and innovation.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Growing a Business

How Connecting With the Right Audience Drives Long-Term Business Success

Here's how targeted lead generation can help you unlock higher conversions, stronger brand loyalty and scalable growth.

Starting a Business

They Bought an Ice Cream Truck Off eBay for $5,000. Now Their Company Has 70 Shops and Sells Treats in Over 12,000 Stores.

For the episode of "The Founder CEO," the co-founder and CEO of Van Leeuwen Ice Cream explains how one ice cream truck grew into a successful nationwide brand.