by RJ Shara | Jan 18, 2021 | Startups
Moving customer needs within beauty and retail are producing rich opportunities for U.S.-based beauty/consumer tech SaaS business. , stated, “Typically speaking, the era of $1 billion evaluations for beauty business is over. This change in belief from acquirers is further sustained by recent research on the challenges of turning hypergrowth business rewarding. What’s cooler than appeal business that are (or were) valued at $1 billion? Beauty tech SaaS companies that are worth $5.2 billion at IPO. …
by RJ Shara | Jan 6, 2021 | Fundings and Exit, Startups
Investing in cosmetics has usually weathered recessions, but that changed during the COVID-19 pandemic, with stay-at-home orders and masks tempering individuals’s desire to wear makeup. This forced sellers to accelerate their online strategies, finding brand-new ways to catch buyers’attention without in-store samples. Virtual beauty try-on technology, like the ones established by Perfect Corp., […]
Virtual beauty try-on innovation, like the ones established by Perfect Corp., will play a crucial role in this shift to digital. Based in New Taipei City, Taiwan and led by chief executive officer Alice Chang, Perfect Corp. Perfect Corp.’s innovation is also used for in-store retail, e-commerce and social media tools. Thenew financing brings Perfect Corp.’s overall raised so far to about$130 million. Beauty companies are investing more heavily in e-commerce now, and Perfect Corp. capitalizes on that by providing its innovation as a SaaS….
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