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Aavrani isn't accepting new investments

Aavrani’s deadline was December 24, 2019

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1st campaign Funded
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Aavrani

Digitally-native premium skincare inspired by India’s ancient beauty rituals
Women Founders B2C Personal Care
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Featured image of Aavrani
$508,472
Total raised in 2 campaigns
1,204
Investors in 2 campaigns
Successfully funded and closed on December 24, 2019.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Aavrani, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Aavrani Crowd SAFE Aavrani Form C-A 11-14-2019.pdf Aavrani Form C-A.pdf
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Hear from some of the 1,062 investors in Aavrani


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
Leading VC-backed
Company is backed by a leading VC firm
Power Founders
Founders previously exited or operated a large business
  • Highly efficacious skincare inspired by all-natural Indian beauty rituals
  • Raised over $1.25M from notable VCs and angels
  • 500+ 5-star reviews from customers
  • 30% repeat customer rate (2x the industry standard)
  • 84%+ gross margins on product sales, $1M+ in revenue in 2019
  • Limited time $5M valuation cap until Nov 21, 9am PST; $10M thereafter.

Problem


Skincare can be confusing and complicated

Although skincare is one of the fastest growing markets within the beauty space, many women remain overwhelmed by the number of products available and are often confused about how to use them. In fact, one study shows that 87% of women reported they didn’t know how to establish a skincare routine that works for them. 

At the same time, shoppers are becoming more aware of the harmful effects many beauty products can have and are actively seeking to avoid these products. This information is only leading to more confusion about which products are actually healthy--not harmful--to our skin.  

Solution


A trusted skincare routine inspired by natural, ancient beauty rituals

aavrani provides women with a simple and effective skincare routine that is inspired by ancient Indian beauty routines. All of our products are all-natural and our four-step ritual has been tried and tested by generations of Indian women. 

Our products were designed to empower women and make them feel more confident on the inside and out. As such, we also donate a portion of our sales to supporting young women’s education in India through our partnership with the  Shanti Bhavan School.

Product


The aavrani ritual

The aavrani ritual delivers a complete skincare routine in four easy steps that work together to achieve your most radiant glow.

  • Step 1: Glow Activating Exfoliator (cleanser + mask) - core ingredients: turmeric neem oil, raw honey
  • Step 2: Balance Restoring Serum (toner) - core ingredients: tea tree oil, chamomile flowers, cucumber
  • Step 3: Softening Hydra-Whip (moisturizer) - core ingredients: coconut oik, rosehip seed, shea nut
  • Step 4: Eye Rejuvenating Elixir (eye treatment) - core ingredients: almond oil, rose water, vitamin E


Traction


500+ 5 star reviews + 30%+ returning customers

aavrani has been an instant hit with customers! We’ve received over 500 five star reviews on our products, and have maintained a 30% repeat purchase rate (this appears to be nearly double the industry standard, based on our founder's experience investing in the skincare industry). Currently, our profit margins are at 84% and we have already reached $1M+ in revenue in 2019 alone.


Customers


Diverse consumer base with long term growth potential

Our products work across skin types and tones, and we’ve attracted a number of diverse consumers, all looking to simplify and improve their skincare routine. 



Business model


84% gross margins on sales

aavrani is digitally native with 100% of our current sales coming from our own website. We have a variety of different products available to purchase with prices ranging from $55 - $200. Customers can purchase a single product or the complete ritual set. We are currently seeing 84% gross margins on sales.

Market


$18B+ market in the US alone

The natural skincare space is growing 30% year-over-year and is becoming a larger part of the $18B U.S. skincare market. Comparatively, the makeup industry grew just 4% in 2018. As a natural alternative, aavrani reaches consumers in both the prestige skincare and clean skincare markets. Natural beauty is also growing faster than any other category in the beauty space.

Competition


The aavrani edge

aavrani is the only Indian-inspired beauty company with an edge on our competitors. One of the co-founders helped build another skincare company that was just bought by Unilever for $500 million. That kind of hands-on experience building another brand that successfully grew to over $80 million in sales is unmatched. Our exclusive relationships with partners and resources means we deliver the best products available to our customers. We also have a loyal network of early adopters and repeat customers, and can draw from our team’s experience in the industry to meet our customers’ needs.

Vision and strategy


Scaling and growth

  • Ritual Discovery Set Launching in Q4 of 2019 
    • All 4 products in travel sizes ($65) packaged as "holiday set" for gifting & customer acquisition tool
  • Product line expansion: additional skincare treatments in final stages of R&D
    • Oil-based cleanser (need, sandalwood); face serum (rice bran oil, saffron); lip balms & scrubs (kokum butter, cane sugar & Himalayan sea salt) 
  • Vertical expansion opportunities 
    • Haircare, body care, general personal care 

Exit strategy in a highly acquisitive industry

The beauty industry has many large dominant players like L’Oreal and Estee Lauder. These companies are no longer in the business of building new brands, why would they -- they could spend $50 million to create a brand and it is a coin flip as to whether or not the market will accept it. Instead, budgets have shifted from R&D to M&A. There have been a series of acquisitions in the past few years of prestige skincare companies by the larger players. They are buying strong brands, authenticity, and innovation. Aavrani is poised to capitalize on this trend in the next 5-7 years.


Committed to female empowerment and making an impact

  • Minority Woman owned
    • More than 52% of the company is minority women owned
  • Impact through improved confidence of women in the workplace
    • A 2018 study in the British Journal of Dermatology revealed that adult women with an acne diagnosis have a 63% higher chance of developing depression and lacking confidence in the workplace. Our products help combat this epidemic and significantly improve the lives of thousands of women.
  • Impact through minority women empowerment
    • Our entire employee base is made up of minority women and we are focused on continuing to empower dozens and eventually hundreds of women, impacting their livelihoods and uplifting their communities.
  • Impact through female empowerment
    • According the Pew Research Center, the majority of Americans think that women are held to higher standards when in top executive business positions. By creating a company owned and run by females, we break that mold and empower women by delivering Rooshy's message and story.
  • Scalability of Impact
    • Because our impact is based on the number of women who interact with our brand and use our products, our impact is highly scalable and requires no additional investment. The larger we grow, the bigger our impact.
  • Impact through being Animal Cruelty Free
    • aavrani is Leaping Bunny Certified and is completely free of any animal products/ingredients.

Funding


The two Co-Founders have each put in over $100,000 of their own capital. Other investors include General Catalyst’s Rough Draft Ventures, First Round Capital’s Dorm Room Fund, AmplifyHer, The MBA Fund, and a variety of notable angel investors in the beauty and consumer space.

Founders


Rooshy Roy - Former finance professional at Goldman and Warburg Pincus, Rooshy leads the team as CEO focused on product, branding, and marketing. Growing up as a child of immigrants, Rooshy brings the authentic rituals from her family to the products aavrani produces.

Justin Silver - Former consumer investor/operator at Tatcha (skincare company acquired by Unilever for $500M in 2019), Justin leads the team as COO focused on operations, HR, and supply chain.

Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Aavrani occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Aavrani is accepting.
Learn more

Funding goal

$1.07M

Aavrani must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Aavrani needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Aavrani, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Aavrani Crowd SAFE Aavrani Form C-A 11-14-2019.pdf Aavrani Form C-A.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Aavrani.
Invest
$250
Receive
  • Mention on aavrani.com
  • 20% off all aavrani products for 1 month
96 investors
Invest
$1,000
Receive
  • All of the above
  • 20% off all aavrani products for 6 months
  • Limited (404 left of 500)
44 investors
Invest
$2,200
Receive
  • All the above
  • 20% off all aavrani products for 1 year
  • $200 aavrani gift card
  • Limited (56 left of 100)
2 investors
Invest
$7,500
Receive
  • All the above
  • 25% off all aavrani products for 1 year
  • $500 aavrani gift card
  • Limited (48 left of 50)
1 investor
Invest
$15,000
Receive
  • All the above
  • 35% off all aavrani products for 1 year
  • Quarterly investor updates
  • Limited (24 left of 25)
Invest
$25,000
Receive
  • All the above
  • 50% off all aavrani products for 1 year
  • Dinner with the founders in NYC
  • Limited (10 left of 10)

Why others invested

See all reviews (0) See all (0)

More people (men and women) search the cosmetics counters for the ultimate in facial and skincare items. Cost is not prohibitive, quality is always paramount. Aavrani offers clean wholesome products, just what consumers ar looking for.

Profile picture of Carmen Skrine
Carmen Skrine
Active investor
over 5 years ago

The beauty product industry is huge. It may be hard for startups to compete, but it looks like this company has some real good products with more to come.

Profile picture of Jeanine Jones
Jeanine Jones
Active investor
over 5 years ago

I think the skincare market is ready for disruption and I believe that this is the team to make great things happen. Excited to see what the future has in store for this company!

Profile picture of Alex Medick
Alex Medick
Active investor
over 5 years ago

About Aavrani

Legal Name
Aavrani, Inc.
Founded
Dec 2017
Form
Delaware Corporation
Employees
6
Website
aavrani.com
Social Media
Headquarters
Google Map location of of Aavrani
139 Fulton Street , New York, NY
Headquarters
139 Fulton Street, New York, NY, United States 10038

Aavrani Team
Everyone helping build Aavrani, not limited to employees

Profile picture of Justin Silver
Justin Silver
Co-Founder & COO
MBA @ Wharton, Investor @ Tatcha Skincare, Consumer Private Equity @ Beechwood Capital, Investment Banking @ Credit Suisse M&A
Profile picture of Rooshy Roy
Rooshy Roy
Co-Founder & CEO
MBA @ Wharton, Private Equity @ Warburg Pincus, Investment Banking @ Goldman Sachs
Profile picture of Marlene Lam
Marlene Lam
Head of Creative Marketing
Cosmetic Marketing Masters @ FIT, Marketing @ Shiseido, Brand Building @ Revlon, Buxom, Rumble Boxing, Marketing Executive @ Fallon and BBDO
Justin Silver
Co-Founder & COO
Rooshy Roy
Co-Founder & CEO
Marlene Lam
Head of Creative Marketing

Press

What Everyone Can Learn From The Indian Beauty Formula
HuffPost HuffPost
·
Mar 21, 2019

In the U.S., makeup and personal care are part of a multi-million dollar industry that's constantly trying to sell us new...

The Latest Health Trend Can Improve Your Focus And Elimin...
The Zoe Report The Zoe Report
·
Mar 10, 2019

Of all the latest wellness crazes, adaptogens are probably the trendiest. With a recent surge in popularity, these superf...

How Indian women achieve beauty from the inside out
Well+Good Well+Good
·
Feb 2, 2019

I've never been to India, but when I see it in movies, the landscapes appear to be vividly beautiful: varying landscapes,...

Aavrani Makes Indian Skincare Rituals Easy By Translating...
Beauty Independent Beauty Independent
·
Jun 6, 2018

Aavrani is bringing Indian rituals to women's everyday skincare routines. The brainchild of Wharton classmates Rooshy Roy...

These Beauty Brands Donate To Women's Organizations All Y...
Refinery29 Refinery29

Now that's all well and good, of course, because philanthropy is always a good, generous thing for a company to do. But t...

Female Entrepreneurs Reveal 6 Superfoods You Should Incor...
Forbes Forbes

While the relationship between what you eat and how you look seems like an obvious one, have you considered what happens ...

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Aavrani

Aavrani successfully raised $429,119 from 1062 investors on December 24, 2019
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Robert, Khuzema A, Mustak, Samuel, Robert, and 1057 others invested. 229 Reviews
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