Tyra Banks, announced the launch of her new business venture, a tech startup beauty product Tyra Beauty, The supermodel and “America’s Next Top Model” host stated that she is currently looking for outside investor to fund her new tech cosmetics company.
Tyra beauty is a cosmetics experience company who sales and teach user on how to apply those cosmetic products for a great result. So far she has been able to self-fund her cosmetics company, with great success, now she stated that she is on the phase to scale it to another level, which is why she will need help from outside investor, we don’t know yet how much she will need for the second phase, but we know one thing is that she will be successful.
Her pass track in the business world and her academic achievement is enough to confirm the success of this new venture, who knows beauty product best than Tyra Banks who made her entire career around cosmetic product? She is well known for launching fragrances, clothing line, TV reality, graduating from one of the best University of the world Harvard! She is also a great investor mostly in the new tech startup scene, she had invested in couple successful startup such as The Muse, Locket, and the Hunt and built a $90 million fortune, not bad for a supermodel right!
With the beauty industry market evaluated to $260 Billion, let hope that Tyra Beauty stands out and reach success like follow tech start up Ipsy and birchbox! Which value today estimated to $500 million each.
