Marico acquires men’s grooming startup Beardo – and this VC firm exited with at least 5 times return on its investment

While Marico already had a 45% stake in the company, it has now fully acquired the startup

Founded by Ashutosh Valani and Priyank Shah in 2015, Beardo is one of the popular startups in the men’s grooming industry.

Venture Catalysts has invested $500,000 in Beardo and its returns have been 5-8 times of the investment.