Sequoia invests $17m in India’s Vini Cosmetics
Sequoia Capital has bought a minority stake in Vini Cosmetics for INR1.1 billion ($17.8 million). The company makes the Fogg range of deodorants and talcum powders White Tone and Jinjola.
According to LiveMint, the company's annual turnover is about INR1.75 billion and got a valuation 4.5 times of the topline. Sequoia Capital India Managing Director Abhay Pandey said Vini Cosmetics is...
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