Innovist Secures Rs.136 Crore in Series B Funding Led by ICICI Venture
Innovist, the parent company of beauty and personal care brands Bare Anatomy, Chemist at Play, and Sunscoop, has successfully raised Rs. 136 crore in a Series B funding round led by ICICI Venture. The round also saw participation from Mirabilis Investment Trust, Niveshaay Investment, and Sauce VC, marking a significant milestone in the company’s growth trajectory.
The fresh capital will be used to accelerate product innovation, expand market reach, and strengthen team capabilities. Innovist aims to cross Rs. 300 crore in revenue by FY25, reinforcing its position as one of India’s fastest-growing beauty and personal care companies.
Founded in 2018 by Rohit Chawla, Sifat Khurana, and Vimal Bhola, Innovist has built a reputation for science-backed, ingredient-focused skincare and haircare solutions. The company previously raised Rs. 58 crore in a Series A round in November 2023, bringing its total capital raised to over $26 million to date.
With this latest investment, Innovist is set to strengthen its market position and continue innovating in the clean and conscious beauty space.
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