GUNAS, America’s first vegan handbag company, has successfully completed its seed investment round of a quarter million dollars from an anonymous angel investor at a valuation of USD $5 million. And now the company is planning to launch its own beauty line.
GUNAS’ forte for identifying emerging trends has resulted in continually increased sales among the brand’s predominantly millennial audience, who are looking for ethical, sustainable and compassionate fashion without compromising on style or quality.
Sugandh Agrawal, the founder of GUNAS, says the move into beauty products is in line with the compassionate lifestyle brand’s ethos of inner and outer beauty without harming any living being.