Carlyle PE-backed wellness model VLCC is ready to develop its company-owned retail clinics from 90, which it operated two years in the past, to 175 by the end of April 2025 throughout tier-1 and metro cities. This enlargement comes as its retail enterprise experiences double-digit top-line development.
“We operated 90 shops two years in the past and have been steadily increasing our presence in India. Our present footprint stands at 170, and our purpose is to proceed this enlargement and improve the quantity to 175 shops by end of April 2025,” stated Vikas Gupta, MD & Group CEO, VLCC.
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The enlargement has been funded by way of inside accruals, in accordance to Gupta. Nonetheless, he famous that future funding choices will rely on the scale and urgency of VLCC’s ambitions.“ We’re open to evaluating exterior capital if wanted. Carlyle has been an incredible associate on this journey, and we now have one other investor on board, the Alpha Wave staff. Collectively, we are going to assess whether or not to increase exterior funding or proceed leveraging inside accruals,” he added.
VLCC at the moment operates 300 retailers, together with franchisee-run areas. Internationally, VLCC has a presence within the Center East, together with the UAE, Qatar, Oman and Kuwait, which Gupta refers to because the model’s key markets. The corporate additionally operates in Bangladesh, Sri Lanka and Kenya.
Gupta emphasised that VLCC’s major enlargement focus stays on India. “We consider that the chance is enjoying out in India in the absolute best method. Whereas we’re additionally increasing within the Center East, the tempo of that enlargement is slower than what we’re doing in India,” he famous.
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VLCC acquires Ustraa to enter males’s grooming biz
The acquisition, which can assist VLCC to enter into the lads’s grooming phase, could be a by way of a mixture of secondary buy-out and share swap, stated a joint assertion.
Whereas elaborating on future acquisition plans with businessline, the corporate which acquired acquisition of the lads’s grooming model Ustraa in 2023, VLCC is actively exploring comparable acquisitions to strengthen its presence in digital-first wellness and grooming manufacturers.
Based in 1989 by Vandana and Mukesh Luthra, VLCC operates within the skincare, magnificence and wellness segments, providing each providers—corresponding to weight administration—and merchandise. In 2023, the corporate was acquired by Carlyle.
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