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Venture capital firm India Quotient invests in former partner’s hair care startup Zemé Fresh along with others

Reported by Moneycontrol
Jan 5, 2022· 2 min read
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Key Takeaways
  • • India Quotient, a venture capital firm, co-invested in Zemé Fresh, a hair care startup founded by Prerna Bhutani, the firm's former partner, alongside investors including founders of ShareChat and FabAlley.
  • • Zemé Fresh produces refrigerated hair care products formulated from herbs and fresh kitchen ingredients without artificial chemicals or preservatives, positioning itself in the competitive natural hair care segment alongside competitors like Mamaearth, Mosaic Wellness, and Traya Health.
  • • The funding amount was not disclosed, but proceeds will be allocated toward geographic expansion from Mumbai, packaging and logistics improvements, and hiring to enter additional cities.
  • • Bhutani transitioned from her role at India Quotient in 2020 to pursue entrepreneurship, identifying pandemic-driven consumer demand for natural and locally-sourced personal care solutions.
Summary
India Quotient has invested in Zemé Fresh, a hair care startup founded by Prerna Bhutani, a former partner at the venture capital firm. The round included co-investors from the founding teams of ShareChat, a social network, and FabAlley, an online fashion retailer. Bhutani did not disclose the investment amount but outlined plans to deploy capital toward expanding operations beyond Zemé's current base in Mumbai, enhancing product packaging and logistics infrastructure, and building out team capacity to support geographic expansion into new markets.

Zemé Fresh operates in the premium, natural personal care segment, offering shampoos and conditioners manufactured from herbs and fresh kitchen ingredients—not extracts—and formulated without artificial chemicals or preservatives. The product line requires refrigeration, mirroring the handling protocols of fresh produce. This positioning places the startup among an expanding cohort of direct-to-consumer hair care brands addressing hair fall concerns, including established competitors such as Mamaearth, Mosaic Wellness, and Traya Health.

Bhutani's entrepreneurial trajectory demonstrates a pattern of exits and re-entry into startup ventures. Prior to joining India Quotient, she co-founded and served as CEO of One Call India, an online home services platform (2010–2012), and later co-founded and held the chief marketing officer role at Red Quanta, a mystery shopping data firm (2012–2015). Following her transition from India Quotient in May 2020—initially into a venture partner capacity—Bhutani identified a market opportunity during the initial pandemic lockdown when consumer behavior shifted toward natural and locally-sourced solutions for food, health, and personal care products. This observation catalyzed her entry into the hair care space as founder of Zemé Fresh.

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Sources

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Moneycontrol Venture capital firm India Quotient invests in former partner’s hair care startup Zemé Fresh along with others