Renew Capital in beauty deal
Renew Capital in beauty deal
Renew Capital has invested in Zuri, a beauty company that seeks to transform the African beauty industry.
Renew Capital has announced an investment in Zuri, a company, that seeks to transform the African beauty industry with high-end, beauty products designed by Africans.
Established in 2016, Zuri is a growing brand in the booming African beauty industry. The company has a business model that integrates physical hair salons, an e-commerce platform and social media communication channels in three East African countries: Democratic Republic of Congo, Uganda and Rwanda.
“Zuri's objective is to empower women, from all over the world, to become the best version of themselves. We have made it easy for our customers to access high-quality beauty products and services through all of our touchpoints,” stated Gisela Van Houcke, the founder and CEO of Zuri. “We are thrilled to welcome Renew Capital aboard as we look ahead to the next phase of Zuri's expansion journey.”
“Zuri's innovative approach, particularly their integration of technology to disrupt the beauty space, is truly exciting. Their growth trajectory is very promising, and we're thrilled to join forces with them on this journey,” said Adam Abate, Renew Capital’s principal of investment management.
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