O’2 Nails, a fast-growing consumer and fashion retail firm specialising in nail care, has acquired $75,000 in funding from Atal Incubation Centre – BIMTECH and other notable investors as part of the Government of India’s Startup India initiative. The Seed Fund Scheme provides capital in the form of debentures. Under their “Gurukul” programme, AIC – BIMTECH is also incubating O’2 Nails India, which is reformulating nail care products in a more sustainable manner.
Other prominent angel investors such as G Sowmya (Google Product Head) and Sanjay Vijayvargiya shown interest in this round of funding (Partner Mahindra Holiday). With Parul Aggarwal and other investors, Atal Incubation Center – BIMTECH led the round. These assets will be used by O’2 Nails India for technology advancement as well as retail development.