Hair Originals, India’s first AI-based luxury hair extensions and wig brand offering 100 percent natural Indian human hair, raised $125 million from Anicut Capital, Kesh Kala Family Office, JITO Angel Network (JAN), Lets Venture, Dexter Angels, Pankaj Chaddah, Ex Co-founder Zomato, and Ahana Gautam, Founder, Open Secret, Dexter Capital was the exclusive advisor for Hair Originals.
The funds raised used to expand the company’s operations by 4 times, reach 100 crore ARR by the end of 2024, develop 25 cities PAN India with experience centers in 5 major cities, and offer D2C services in the United States market.
Earlier, Hair Originals had raised Rs 60 lacs from three investors at the show Shark Tank. The company also raised Rs 30 crore early this year in the pre-seed funding round, where it received angel investments from marquee investors.
Founded in 2019 by Jitendra Sharma, the company currently exports its products to over 22 countries, including top luxury salons across the US, Europe, and Africa.
Hair Originals aims to create a brand value that can generate over 70% of its revenue from D2C channels through content and influencer-led marketing and enhancing the manufacturing capacity.