Shontay Lundy Founder Of Black Girl Sunscreen Secures Mouthwatering Investment Amid #Covid19
Entrepreneur @shontay_lundy driven by the need to correct the misconception about people of color not needing sunscreen as well as educate them on imposing dangers ahead launched her business – @blackgirlsunscreen and it has paid off BIG.
Although with the novel coronavirus is dealing a deadly blow to most business, news of the founder expanding her brand with a staggering $1 million investment from a female investor is even more impressive
Recall Black Girl Sunscreen made news recently as the only black-owned sunscreen brand in Target and is now available in over 200 stores around the country. According to a new report published by Forbes, after spending months vetting potential partners, Lundy partnered with a new investor, raising her company’s valuation to $5 million.
In the interview, Lundy said: “It didn’t hurt that we secured a partnership with a big-box retailer, which activated national exposure for our brand. Some of my favourite leaders were women.” “Women helping women flourish vital to me, so it felt natural. This investment is just the start! But it will help Black Girl Sunscreen reach its full potential by bringing our ideas to life!” she said.
Lundy offers advice to aspiring business owners to take advantage of free resources when they are pursuing investing opportunities. She states that her advice to entrepreneurs and “other minority businesses looking for funding is to take advantage of grants and available resources, participate in pitch competitions to learn how to sell your business and gain exposure, have buttoned-up financials; and put yourself in environments to meet investors/high-net-worth individuals.” 🖤😎💪 #ShontayLundy#blackgirlsunscreen#sunscreen#blackexcellence#blackgirlmagic#blackqueen#enterprenuer#inspiring#goals#womeninbusiness#girlboss#womenempowerment#business#blacklove#businessnews#forbes