Latest news with #SimplyNam
Fashion Network
3 days ago
- Business
- Fashion Network
Beauty brand Simply Nam raises funding from Bhaane Group
Beauty brand Simply Nam has secured a strategic funding from the Bhaane Group to fuel its growth in the country cosmetics market. The company will utilise the funds to broaden its product portfolio, scale operations, and strengthen its omnichannel presence throughout India. With this it expects to more than double its monthly recurring revenue (MRR) within the next year. Simply Nam currently boasts an average MRR of Rs 2 crore. Commenting on the funding, Hanna Strömgren Khan, CEO co-founder of Simply Nam in a statement said, 'This fundraise marks a pivotal and deeply meaningful milestone for us. 'With Bhaane Group, we've found that rare alignment. This strategic investment is a launchpad for what comes next. It will empower us to introduce even more thoughtful, high-performance products, scale our educational content, and expand our omnichannel footprint across the country.' Anand S Ahuja, co-founder & CEO of Bhaane Group added, 'At Bhaane, we believe in empowering homegrown excellence and backing founders who are building for the future. Simply Nam represents the next chapter in clean, inclusive beauty for India, and we're incredibly proud to support their journey as they scale new heights.' Founded in 2020, Simply Nam co-founded by makeup artist Namrata Soni and entrepreneur Hanna Strömgren Khan retails through digital and quick-commerce platforms such as Nykaa, Amazon, Myntra, Tira Beauty, Zepto, and Blinkit.
Entrepreneur
6 days ago
- Business
- Entrepreneur
Bhaane Group Invests in Simply Nam's Beauty Vision
The funding will be deployed to expand Simply Nam's product portfolio, scale operations, and double its monthly recurring revenue (MRR) over the next year, solidifying its position in the country's fast-growing beauty sector. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Beauty brand Simply Nam has secured a strategic investment led by the Bhaane Group, co-founded by Anand S Ahuja and Sonam Kapoor. The funding will be deployed to expand Simply Nam's product portfolio, scale operations, and double its monthly recurring revenue (MRR) over the next year, solidifying its position in the country's fast-growing beauty sector. Founded in 2020 by celebrity makeup artist Namrata Soni and serial entrepreneur Hanna Strömgren Khan, Simply Nam was born from over two decades of Namrata's industry expertise and a deep understanding of Indian beauty needs. Simply Nam's offerings include vegan, cruelty-free, skincare-forward makeup products specially formulated for Indian skin tones and climates. Bestsellers like the Ultimate Kajal, Satin Soft Lip Cremes, Magic Tinted Lip Oil, and the Dawn To Dusk Eyeshadow Palette are known for their innovation, performance, and aesthetic appeal. The brand has also made waves with the Sweet Kisses Lip Balm, which went viral among A-list influencers. "This brand is more than just makeup—it's a reflection of my life's work," said Namrata Soni, Co-founder of Simply Nam. "Having worked with Sonam for 17 years, it's incredibly meaningful to now build this brand alongside her and Anand. Their trust and belief in our journey are deeply empowering." The brand claims to have already achieved a strong foothold in the market, with an INR 2 crore MRR and an impressive 40% returning customer rate. Its presence spans leading platforms such as Nykaa, Amazon, Myntra, Tira Beauty, Zepto, and Blinkit. Hanna Strömgren Khan, CEO and Co-founder, added, "With Bhaane Group, we've found a partner who shares our belief in Indian excellence. This strategic investment is not just capital—it's the fuel to take Simply Nam to the next level of product innovation, consumer education, and omnichannel reach." Anand S Ahuja, CEO of Bhaane Group, commented, "Simply Nam is shaping the future of clean, inclusive beauty in India. We're proud to support a brand rooted in purpose and performance." With a shared commitment to Made-in-India excellence, Simply Nam and Bhaane Group are poised to redefine beauty standards by delivering world-class, thoughtful products for the modern Indian consumer.
Time of India
6 days ago
- Business
- Time of India
Beauty brand Simply Nam raises funding from Sonam Kapoor's Bhaane Group
Bengaluru: Celebrity makeup artist Namrata Soni 's beauty brand Simply Nam has raised a strategic round of funding from the Bhaane Group . The company plans to use the funding to scale its operations, expand product portfolio, and deepen its omnichannel footprint across India. Founded in 2020 by Soni and Hanna Stromgren Khan, Simply Nam claims to have doubled its customer base over the past year with a 40 per cent returning customer rate and a monthly recurring revenue of Rs 2 crore. Simply Nam said it is scaling rapidly across digital and quick-commerce platforms, including Nykaa, Amazon, Myntra, Tira Beauty, Zepto and Blinkit. 'This strategic investment is a launchpad for what comes next. It will empower us to introduce even more thoughtful, high-performance products, scale our educational content, and expand our omnichannel footprint across the country,' said Hanna Stromgren Khan, co-founder and CEO of Simply Nam. The company did not disclose the funding amount of the funding. 'At Bhaane, we believe in empowering homegrown excellence and backing founders who are building for the future. Simply Nam represents the next chapter in clean, inclusive beauty for India, and we're incredibly proud to support their journey as they scale new heights,' said Ahuja, co-founder and CEO of Bhaane Group. Bhaane Group, founded by Anand S Ahuja and Bollywood Actress Sonam Kapoor , is a subsidiary of apparel manufacturer Shahi Exports. Bhane Group partners with global brands like Nike and Converse.
