Syona Cosmetics Pvt. Ltd., a city-based start-up providing professional beauty products and training to leading salons and spas across South India, has received the second tranche of undisclosed angel funding from The Chennai Angels.
According to Raja Varatharaju, one of the founders of Syona, the funding would give The Chennai Angels a significant stake in the company and also a representation on the board.
Mr. Varatharaju founded the company in 2012 along with Anuradha Balasubramanian. Syona Cosmetics markets high-end professional cosmetics under its flagship brand Estrella Professional.
Mr. Varatharaju said Syona had its own product facility and also a research and development centre in the city.
