Innovist, the parent company of consumer brands like Bare Anatomy and Chemist at Play, Raises $7 Mn in Funding From Amazon Smbhav and others.
Participants in the funding round of Innovist included current investors 72 Ventures, the family office of Nykaa founder Falguni Nayar and former head of KKR India Sanjay Nayar, Accel India, and Sauce.vc.
“The capital infusion will be allocated to achieve several key objectives such as product innovation, market expansion, and team building,” said Chawla, who is also the CEO of Innovist.
“Rohit and the team at Innovist are doing some great work in bringing an exciting range of beauty and personal care products to customers across India. We are excited to work with them for their next phase of growth,” said a spokesperson for the Fund.
Innovist is a one-stop-shop for products with proven efficacy. Innovist owns the entire process of Research & Development, Manufacturing and Clinical Trials, which equips us to serve every customer with Certified, Safe, and High Quality products across categories. The triangle in Innovist symbolizes perfectness, unity, and importance. Innovist is marked as the strongest unit that balances all the aspects of idealism.