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Indian beauty brand Pilgrim secures $24M funding, boosting valuation to $360M for expansion.
Indian beauty brand Pilgrim has secured ₹200 crore in a funding round, bringing its pre-money valuation to ₹3,000 crore.
Backed by both new and existing investors, the funds will help expand offline sales and R&D.
Pilgrim, which offers over 250 products including skincare and makeup, currently has a gross annual run rate of over ₹800 crore and aims to grow its retail presence.
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La marca de belleza india Pilgrim asegura financiación por $24M, aumentando la valoración a $360M para la expansión.