Homegrown cosmetics brand Mila Beauté has successfully raised $2.16 million (approximately Rs 18 crore) in its pre-Series A funding round, led by Rukam Capital. This investment values the company at Rs 303 crore ($35.3 million).
The newly acquired funds will be directed towards expansion, research and development (R&D), and launching new products. The company aims to enhance its operations while strengthening its market presence across India.
Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers an extensive range of beauty products, including lipsticks, foundations, and eyeliners. The brand is known for its skin-care-infused, chemical-free cosmetics, catering to a growing demand for safe and innovative beauty solutions.
Currently, Mila Beauté is generating annual revenues of $7.23 million and is aiming for 2x growth within the next 12–18 months. With a presence in over 10,000 retail outlets across India, the company has ambitious plans to double this footprint by the end of the year.
With this latest funding, Mila Beauté is set to strengthen its market position and accelerate its growth in India’s booming beauty industry.
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