Homegrown cosmetics brand Mila Beauté has just announced a successful pre-Series A funding round, raising a significant $2.16 million (approximately ₹18 crore). This investment, led by Rukam Capital, values the company at a whopping ₹303 crore ($35.3 million), signaling strong confidence in the brand’s potential within the booming Indian beauty market.
Funding Fuels Ambitious Expansion Plans
So, what’s Mila Beauté planning to do with this fresh infusion of capital? The company has big plans, focusing on:
Expanding Operations: Reaching more customers across the country.
Investing in R&D: Developing even better, innovative products.
New Product Lines: Adding more exciting options to their already diverse range.
Scaling Operations: Increasing production and efficiency to meet growing demand.
Deepening Market Presence: Strengthening their brand and connecting with consumers.
What Makes Mila Beauté Stand Out?
Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté is making waves with its commitment to high-quality, skincare-infused makeup. Their product line includes everything from vibrant lipsticks to flawless foundations and bold eyeliners, all formulated without harmful chemicals.
With current annual revenues of $7.23 million, Mila Beauté isn’t just another player in the market. They’re aiming for a 2x growth in the next 12-18 months, demonstrating their ambition and potential.
From Local to National: Expanding Retail Footprint
Mila Beauté already boasts a presence in over 10,000 retail counters across India, bringing their products to customers in every corner of the nation. And they’re not stopping there! The brand plans to double this footprint by the end of the year, making it even easier for Indians to access their favorite Mila Beauté products.
Founders’ Vision: Quality, Innovation, and Consumer Connection
“Our focus has always been on creating a beauty brand that’s not just trend-driven but deeply rooted in data and consumer insight,” said the founders in a statement. “Today’s Indian consumers are discerning, and we believe they deserve products that are both high-quality and homegrown.”
The partnership with Rukam Capital will provide the strategic backing needed to scale faster, invest in manufacturing, develop innovative skin-friendly products, and strengthen brand presence. Most importantly, it will allow Mila Beauté to stay closely connected to its consumers while ensuring quality and vision.
Investor Confidence: A Promising Future for Indian Beauty
Archana Jahagirdar, Founder and Managing Partner of Rukam Capital, believes that Mila Beauté stands out with its research-driven approach, prioritizing skincare and superior quality, which is set to redefine the beauty experience in the years ahead.
This funding round marks an exciting chapter for Mila Beauté, as they continue to innovate and cater to the evolving needs of the Indian beauty consumer. Keep an eye on this homegrown brand as they paint a brighter future for the Indian cosmetics industry!