Mila Beauté Bags $2.16 Mn In Pre-Series A Round

Homegrown cosmetics brand Mila Beauté has raised $2.16 million (around Rs 18 crore) in its pre-Series A funding round led by Rukam Capital at a valuation of Rs 303 crore ($35.3 million).

The startup will use the funds to grow its business, invest in R&D, launch new products, expand operations and strengthen its market presence.

Read also- FirstCry To Invest 167 Cr In Two Subsidiaries For International Expansion

Commenting on the investment, Mila founders said in a statement, "Our focus has always been on creating a beauty brand that’s not just trend-driven but deeply rooted in data and consumer insight. Today’s indian consumers are discerning and we believe they deserve products that are both high-quality and homegrown. Partnering with Rukam Capital gives us the strategic backing to scale faster, whether it's investing in our own manufacturing, developing innovative skin-friendly products, or strengthening our brand presence. Most importantly, it allows us to stay closely connected to our consumers while ensuring we never compromise on quality or our vision." 

"The Indian beauty and cosmetics industry is at a fascinating juncture, with consumers increasingly seeking products tailored to the evolving needs of the modern audience. Mila Beauté stands out with its research-driven approach, prioritizing skincare and superior quality, set to redefine the beauty experience in the years ahead," said, Archana Jahagirdar, founder and managing partner of Rukam Capital.

About Mila Beauté

Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, the New Delhi-based Mila Beauté offers a variety of beauty products, including lipsticks, foundation, eyeliners and skincare-infused makeup. It focuses on high-quality and chemical-free formulas.

The brand generates $7.23 million in annual revenue and aims to double this within 12–18 months.

Currently available at 10,000+ retail counters in india and the startup plans to double its reach by year-end.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.