Vikas Khemani’s Carnelian invests $15 Mn in Kimirica

Carnelian Asset Management LLP, led by market veteran Vikas Khemani, has invested around $15 million in luxury vegan self-care brand Kimirica. This partnership backs both wings of the business: Kimirica Hunter (KH), the manufacturer of hotel amenities, and Kimirica Lifestyle (KL), a D2C luxury beauty brand.

The proceeds will be used to scale its omnichannel retail presence, and bring self-care experience to more consumers, Kimirica said in a press release.

Launched in 2013 by…