{
  "id": 5289772,
  "title": "Carlyle-backed VLCC raises ₹110 cr from BlackSoil",
  "url": "https://urgent.news/2026/09/03/carlyle-backed-vlcc-raises-110-cr-from-blacksoil",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T08:39:34.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/carlyle-backed-vlcc-raises-rs-110-crore-from-blacksoil-to-fund-growth/articleshow/133730731.cms"
  },
  "original_language": "en",
  "account": "Mumbai: VLCC, a beauty and wellness company acquired by Carlyle Group in 2022, has secured ₹110 crore of financing from alternative credit platform BlackSoil Capital to support its future expansion. The funds will be utilized to grow VLCC's operations in beauty, wellness, and personal care while enhancing its platform and aiding its subsidiaries. Established in 1989 by Vandana Luthra, VLCC currently operates in more than 250 locations across over 130 cities, with a presence in India, South Asia, the Middle East, and Africa. Following Carlyle's acquisition of a 63% stake in 2022, the Luthras retained a 30% stake, with the management holding 4%. In 2024, Carlyle reduced its stake to 52%, retaining majority control. VLCC CEO Deepak Taluja expressed optimism about the company's growth prospects, emphasizing its focus on new product introductions, store network expansion, and improved customer experience. BlackSoil Capital, managing director Ankur Bansal, highlighted VLCC's strong brand reputation, extensive network, and international presence, positioning the company well to capitalize on the growing beauty and wellness market in India.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}