Direct to consumer (D2C) a luxury skincare and personal care brand Ras Luxury Oils, raised $2 million in a funding from Sixth Sense Ventures.
It stated that the funds would be used to develop and launch new product categories, expand further into markets, and establish an international presence. Raj Luxury Oils claims to have grown 20 times in the last two years. It stated that it is aiming for the global clean beauty and skincare market, which is worth $54 billion and growing at a compound annual growth rate of 13%. (CAGR).