Recently, Singapore WELLBTC received US $ 600,000 in Series A financing, invested by Akya Ventures. After this round of financing, the company’s valuation is 3 million US dollars. In this round of financing, the company will be used for offline supply chain and offline media marketing, upgrading manufacturing facilities and strengthening the supply chain.
WELLBTC is a skin care brand in Singapore. Founded in 2014, headquartered in Singapore and founded by THOMS, WELLBTC aims to provide consumers with natural skin care products.
THOMS accidentally noticed that the products on the market under the label of “Natural Beauty”, the cost of which contains chemical ingredients such as chemical preservatives, mineral oil and synthetic pigments. They realize that there is no real natural skin care brand on the market, and there is market potential in this area.
The natural formula of WELLBTC-replace plastic exfoliation with fruits and vegetables, replace artificial colors with natural clay, replace mineral base oil with butter and carrier oil, and replace synthetic fragrance with essential oil. The product does not contain preservatives, emulsifiers and p-hydroxyaniline, but the shelf life will be shortened
WELLBTC purchases the highest quality organic raw materials from suppliers around the world. The prices of these raw materials are relatively high, and the prices of skin care products are relatively luxurious. The company’s organic product series is fully certified by the COSMOS V3 standard, and the packaging box is made of recyclable materials.
So far, the company has developed more than 100 skin care products, including toners, moisturizers, toilet water, facial mask moisturizers, and baby massage oils. The company has started business in more than 20 states in India and over 20 countries worldwide, and its business model is concentrated in the B2C market.
In the field of natural skin care brands, WELLBTC also has some competitors, including Just Herbs and Cosmeto Food Organic Pvt. Ltd. Cosmeto Food Organic Pvt. Ltd is located in Ayurveda, India, and its skin care products are certified by Ecocert, an organic certification organization. It is completely free of animal by-products, silicon and mineral oil. Just Herbs is an herbal beauty company in India. The ingredients of its customized skin care products are certified organic and wild herbs such as apricot, neem, honey and calendula. WELLBTCVIP is a new VIP service launched by WELLBTC, dedicated to creating a better user experience
- WELLBTC is a multinational group company, including diversified businesses such as skin care products, leasing, biomedicine, and male health care. The company is headquartered in Singapore and was selected for 500 emerging companies in 2019. WELLBTCVIP is a new VIP service launched by WELLBTC, dedicated to creating a better user experience