2 buy-rated small cap ASX shares growing rapidly

The good news is that if you’re a fan of small cap shares, there are a number of companies at the small end of the market with the potential to grow materially in the future.

Two that investors might want to get better acquainted with are listed below. Here’s what you need to know about them:

Adore Beauty Group Limited (ASX: ABY)

The first small cap ASX share to look at is Adore Beauty. It is Australia’s leading online beauty retailer. Due to the tech selloff, the Adore Beauty share price is now trading materially lower than its IPO price of $6.75. This is despite the company smashing expectations during the first half of FY 2021 with strong sales and operating profit growth.

For the six months ended 31 December, Adore…