Beauty brand Simply Nam raises funding from Bhaane Group

Beauty brand Simply Nam has secured a strategic funding from the Bhaane Group to fuel its growth in the country cosmetics market.

The company will utilise the funds to broaden its product portfolio, scale operations, and strengthen its omnichannel presence throughout India.

With this it expects to more than double its monthly recurring revenue (MRR) within the next year. Simply Nam currently boasts an average MRR of Rs 2 crore.

Commenting on the funding, Hanna Strömgren Khan, CEO co-founder of Simply Nam in a statement said, “This fundraise marks a pivotal and deeply meaningful milestone for us. ’With Bhaane Group, we’ve found that rare alignment. This strategic investment is a launchpad for what comes next. It will empower us to introduce even more thoughtful, high-performance products, scale our educational content, and expand our omnichannel footprint across the country.”
 
Anand S Ahuja, co-founder & CEO of Bhaane Group added, “At Bhaane, we believe in empowering homegrown excellence and backing founders who are building for the future. Simply Nam represents the next chapter in clean, inclusive beauty for India, and we’re incredibly proud to support their journey as they scale new heights.”

Founded in 2020, Simply Nam co-founded by makeup artist Namrata Soni and entrepreneur Hanna Strömgren Khan retails through digital and quick-commerce platforms such as Nykaa, Amazon, Myntra, Tira Beauty, Zepto, and Blinkit.