New Delhi, 04 June 2025: In a landmark achievement, that signals a profound shift in India’s philanthropic narrative, M3M Foundation, the philanthropic arm of the M3M Family Office, has emerged as one of the fastest-rising names on the EdelGive Hurun India Philanthropy List 2024. Spearheaded by the dynamic Dr. Payal Kanodia, the Foundation has moved from 61st place in 2022 to 39th in 2024, with clear potential to break into the Top 20 by 2025.

This year’s Hurun India Philanthropy List, the 11th annual ranking of the country’s most generous individuals, features donors who have contributed ₹5 crore or more toward nation-building. Amongst legacy names such as Shiv Nadar, Adani, Ambani, Bajaj, and Birla, the rapid ascent of M3M Foundation represents a bold new chapter in next-generation giving.

Founded just six years ago, M3M Foundation has spent ₹35 crore toward poverty eradication, women empowerment, education, and sustainable livelihoods, making it one of the youngest and most impactful players in Indian philanthropy in the year 2023-2024. At the helm is Dr. Payal Kanodia, Chairperson and Trustee, whose approach blends strategic social investment with deep community empathy—a rare and powerful combination.

“Philanthropy is not just about parting with profits; it’s about co-creating a future where dignity, opportunity, and inclusion are non-negotiable. True wealth lies in how many lives we can uplift meaningfully” says Dr. Kanodia.

M3M Foundation’s work spans a broad spectrum—from the iMpower Programme for migrant children and Kaushal Sambal skill academies, to its POSHAN nutrition initiative, menstrual health drives, and entrepreneurship support for rural women in regions as remote as Nuh (Haryana) and Nubra Valley (Ladakh). At its core, the Foundation is building grassroots resilience with global relevance.

The 2024 list also underscores a shifting ethos—from legacy-driven giving to leadership-driven impact. With India now home to more than 200 billionaires, yet witnessing rising inequality, the onus lies on the country’s wealth aggregators to integrate social and environmental commitments into their core strategy. As highlighted in the report, India’s philanthropy is outpacing even larger economies—China, with nearly twice the billionaires and five times the GDP, recorded only 25 donors giving above ₹100 crore, compared to a far more spirited Indian giving ecosystem.

The inclusion of M3M Foundation in the Top 10 new entrants on the list not only validates its impact but also signals the arrival of a new philanthropic vanguard—driven by purpose, data, and empathy. Positioned in Gurgaon, Haryana, M3M is now counted among the Top 10 business families building a lasting legacy of wealth with purpose in India’s rapidly evolving social economy.

Rooted in the Indian ethos of “Vasudhaiva Kutumbakam”—the world is one family, Dr. Kanodia’s leadership style reflects the confluence of tradition and transformation, devotion and data. Her ability to align the Foundation’s vision with national development goals, including education for all, gender equality, and skill development, has garnered attention far beyond NCR.

As India charts its course toward becoming a developed nation, M3M Foundation is poised to play a pivotal role—not just in giving, but in reshaping how philanthropy is done.

And as the EdelGive Hurun India Philanthropy List continues to shine a light on givers who build silently, yet impact deeply—M3M Foundation stands tall as a symbol of new-age philanthropy that is both scalable and soulful.

The post Dr. Payal Kanodia’s M3M Foundation Rises as a Force in Indian Giving — Leading the Hurun India Philanthropy List 2024 & Setting New Standards for India’s Top 1% Wealth Aggregators appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

New Delhi, India, April 29, 2025 — Beauty Tech and discovery platform Kult today announced the raise of $20 Million in Series A funding, led by Dr. Payal Kanodia and Ms. Aishwarya Bansal from the M3M family office. The round also saw participation by the major investment firm, Venture Catalysts.

Kult plans to hyperscale its growth journey by onboarding 700 handpicked premium products from all across the globe and process more than 10000 order per day by end of 2025. Additionally, the brand will be building out a team of over 200 top tier talent across multiple functions such as sourcing, engineering, product and user experience.

Kult is a technology-led beauty platform that leverages AI to deliver personalized skincare recommendations and a seamless, inclusive shopping experience. Its visual catalog showcases products on a diverse range of Indian skin tones, making discovery intuitive and relevant. Backed by a growing network of over 300 global beauty experts, Kult blends advanced algorithms with expert insights to simplify and personalize the beauty journey.

Founded by Ms. Karishma Singh and Ms. Ruchika Pallavi, the leadership team also is set for expansion with Dr. Payal Kanodia and Ms. Aishwarya Bansal who will be joining the brand as board members.

“We’ve built Kult to be a technology-first solution that makes beauty easier to navigate and more inclusive for Indian users. This is about simplifying discovery through personalization — because beauty should work for you, not the other way around”, commented Ms. Singh and Ms. Pallavi.

Dr. Kanodia said “Kult’s data-driven, customer-first, tech-led model signals the next evolution in the online beauty space—where deep personalization and human insight converge to deliver instant, precise solutions. The strong traction from repeat users in this early stage validates the timing and necessity of launching such a sharply focused, super-niche platform.”

“Kult is uniquely positioned at the intersection of beauty and technology. What drew me in was the clarity of purpose — to create a platform that doesn’t just sell products, but helps consumers make informed, confident choices”, added Ms. Bansal.

The investment comes at a time where India’s beauty and personal care (BPC) market is projected to grow at a compound annual growth rate (CAGR) of 10%, reaching $30 billion by 2027. Within this, the online BPC segment is expected to account for $10 billion, representing approximately 33% of the total market.

The launch event, held in New Delhi, brought together industry stakeholders and early partners to unveil the platform and its features.

The post Beauty Tech Platform Kult Raises $20 Million in Series A  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.