Foxtale

A former investment banker interviewed nearly two thousand women, then spent a year in a Chennai lab making four products.

Small and new·From India·Founded 2021·Members

At a glance

Founded
Founded in 2021 by Romita Mazumdar and selling from January 2022, though Indian Retailer dated the founding to 2020.134
Founded by
Romita Mazumdar, a UCLA graduate who had been an investment banker in San Francisco and then a venture investor.38
Home
Mumbai.13
Owned by
Private. Its backers include Kae Capital, Matrix Partners India, Panthera Growth Partners, Z47 and Japan's Kosé Corporation.1456 Mazumdar held 34 per cent of the company in 2025.1
What it sells
Skincare, with body care, lip care and fragrance added later, sold mostly online.912
Size
Revenue from operations of ₹199 crore in 2024-25, 2.4 times the year before, with a net loss of ₹73 crore.1

How it got here

2020

1 of 3

Working in venture capital, Mazumdar spoke to 108 beauty brands and interviewed 1,937 women in ten Indian cities.8 She found the shared complaint was efficacy rather than choice.8

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Sources for what is above

  1. 1Foxtale's revenue nears Rs 200 Cr in FY25; losses jump 38%Entrackr · 25 December 2025 · entrackr.com
  2. 3[Funding Alert] Skincare Brand Foxtale Raises Rs 5.5 cr in Seed Funding RoundIndian Retailer · 5 February 2022 · indianretailer.com
  3. 4Skincare startup Foxtale raises $18 mn in funding for category expansionBusiness Standard · 12 June 2024 · business-standard.com
  4. 5D2C skincare brand Foxtale raises $30 million in series C funding from Japan's KOSÉ CorporationMoneycontrol · 15 January 2025 · moneycontrol.com
  5. 6How Romita Mazumdar's Foxtale is scaling while being rooted in trust and clarityForbes India · 24 October 2025 · forbesindia.com
  6. 7Romita Mazumdar and Foxtale: Creating skincare products that actually workForbes India · 8 February 2023 · forbesindia.com
  7. 8Where product reigns supreme: The story of skincare D2C startup FoxTaleMediaNews4U · 24 July 2023 · medianews4u.com
  8. 9How Foxtale Aims to Build a Rs 1,000 Cr Brand in 3 YrsIndian Retailer · 3 February 2025 · indianretailer.com
  9. 12Shah Rukh Khan becomes Foxtale's new brand ambassador; to represent serum, sunscreen and moreBollywood Hungama · 13 August 2026 · bollywoodhungama.com

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