Mila Beauté, a homegrown cosmetics brand, has successfully raised $2.16 million (approximately Rs 18 crore) in its pre-Series A funding round, led by Rukam Capital. The investment values the company at Rs 303 crore ($35.3 million) and is expected to fuel the brand’s expansion and innovation.
The newly acquired funds will be strategically allocated towards research and development, the introduction of new products, and scaling operations. Mila Beauté aims to strengthen its market presence by expanding its reach and enhancing its product offerings.
Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers a diverse range of beauty products, including lipsticks, foundations, eyeliners, and more. The brand is known for its high-quality, skincare-infused makeup that is free from harmful chemicals, catering to consumers looking for safe and effective beauty solutions.
Currently, the startup reports an annual revenue of $7.23 million and is targeting a twofold growth in the next 12–18 months. Mila Beauté has already established a strong presence across India, with its products available at over 10,000 retail counters. The company plans to double this number by the end of the year, further solidifying its position in the competitive cosmetics market.
With this funding, Mila Beauté is poised for significant growth, leveraging innovation and strategic expansion to capture a larger share of the beauty industry.
