Oddity news and archive

Oddity prepares two brand launches following ‘record’ revenue year

Beauty and wellness company Oddity Tech revealed it was set to launch two new brands under its portfolio following what it said was a “record” full year net revenue totaling 509 million dollars, representing a 57 percent growth. This came above the company’s initial guidance of 53 percent, akin to its gross margin of 70.4 percent for the period,...

Business

Gil Efrati named CEO of Oddity’s SpoiledChild

Oddity, the technology platform and beauty group, has announced the appointment of Gil Efrati as the chief executive officer of one of its brands, SpoiledChild. In the position, Efrati, who will report to Oddity’s CEO and co-founder Oran Holtzman, has been tasked with building on the brand’s multicategory growth. He joins the company from...

Business

Beauty and tech platform Oddity surpasses IPO goal

Oddity, a consumer-tech company that builds and scales digital-first brands, has surpassed expectations at its IPO. The Israel-based company initially set a goal to sell shares at a price of between 27 dolls and 30 dollars. However, the company, which owns beauty brands Il Makiage and SpoiledChild, said Wednesday its offering was heavily...

Business

Oddity officially launches IPO, seeks valuation of up to 1.7 billion dollars

Israel-based tech platform Oddity has announced the official launch of its initial public offering. The firm, which owns beauty brands Il Makiage and SpoiledChild, launched onto the US stock market with over 10.5 million Class A ordinary shares, while seeking a valuation of up to 1.7 billion dollars. The company said it is expecting the price of...

Business

Oddity files for proposed IPO on NQGS

Oddity, a consumer tech platform for beauty and wellness, has announced that it has filed to register a proposed initial public offering (IPO) of its Class A ordinary shares. The Israeli company, which owns the likes of Spoiled Child and Il Makiage, filed with the US Securities and Exchange Commission to enter the Nasdaq Global Select Market...

Business

Oddity acquires AI-powered biotech start-up for 76 million dollars

Beauty consumer tech platform Oddity has announced the acquisition of biotechnology start-up Revela for a staggering 76 million dollars. Founded in 2021, the young firm is centred around artificial intelligence-based molecule discovery for the beauty and wellness industry, and boasts patent-pending ingredients as well as “hundreds” also in the...