CosIQ
CosIQ
CosIQ is a molecular skincare company that sells inexpensive, effective skincare products with scientific backing. It adds intelligence to your skincare regimen.
This brand caters to Generation Z and provides innovative active ingredients in clever formulations that yield safe outcomes. The brand’s clients adore it since it communicates clearly.
Founder of CosIQ
In 2019 saw the marriage of Kanika and Angad, who named their first child CosIQ. They truly persuaded one another to launch CosIQ together because they are couplepreneurs. It was practically a no-brainer to launch CosIQ, which offers an ethical substitute for the “nimbu mirchi” brands in the market, given the obvious void in the market. Angad has been Kanika’s pillar of support as they embark on this adventure together. Since then, they have been putting a lot of effort into turning their firstborn into a prosperous company.
CosIQ Funding Round
Company Name | CosIQ |
Shark Tank India Season | 1 |
Episode No | 4 |
Season No | 1 |
Brand | CosIQ |
Idea | Intelligent Skincare |
Original Ask | 50 lakhs for 7% Equity |
Deal | 50 lakhs for 25% Equity |
Invested By: | Anupam Mittal and Vineeta Singh |
In its fourth episode on December 23, Shark Tank India provided funding of five million to CosIQ, a four-month-old start-up aiming to become an intelligent skincare brand.
The idea for the four-month-old start-up came from Kanika Talwar and her spouse.
The Pitch:
CosIQ stepped into the tank with a bold proposition: ₹50 lakhs for a 7% equity stake in their intelligent skincare venture. Their pitch centered on harnessing the power of data analytics and artificial intelligence to deliver personalized skincare solutions tailored to each individual's unique needs and preferences.
The Deal:
Anupam Mittal and Vineeta Singh were immediately intrigued by CosIQ's innovative approach and market potential. Recognizing the value of intelligent skincare in an increasingly data-driven world, they made a compelling offer: ₹50 lakhs for a 25% equity stake in the company. This investment not only provided CosIQ with the capital needed to scale its operations but also brought onboard two strategic partners with extensive experience and industry knowledge.
Investors Behind CosIQ
Anupam Mittal and Vineeta Singh: CosIQ eagerly accepted the offer from Anupam Mittal and Vineeta Singh, marking a significant milestone in their entrepreneurial journey. With the backing of seasoned investors and access to valuable resources, CosIQ was well-positioned to lead the charge in intelligent skincare and revolutionize the way people approached their skincare routines.
Conclusion:
The success story of CosIQ epitomizes the spirit of innovation and entrepreneurship celebrated on Shark Tank India. As the beauty industry continues to evolve, CosIQ's pioneering efforts in intelligent skincare serve as a beacon of inspiration for aspiring entrepreneurs and consumers alike. With visionary investors like Anupam Mittal and Vineeta Singh at the helm, CosIQ is poised to redefine the future of skincare and leave a lasting impact on the beauty landscape.