Mila Beauté, an emerging Indian skin-friendly colour cosmetics brand, has successfully raised $2.16 million (approximately ?18 crore) in its pre-Series A funding round. The investment, led by Rukam Capital, values the company at ?303 crore and marks a significant milestone in its journey to establish a vertically integrated, Made-in-India beauty brand.
The freshly infused capital will primarily be deployed towards expanding the business and enhancing research and development efforts. A key focus will be upgrading Mila Beauté's manufacturing capabilities, with a strong emphasis on ensuring high product quality while minimising external dependencies.
Founded with the vision of creating a truly Indian beauty brand, Mila Beauté has adopted a distinctive approach by keeping its operations vertically integrated and minimising reliance on imports. This strategy has enabled the company to maintain superior control over product quality and align itself with the government’s ‘Make in India’ initiative.
“We have always focused 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,” said Saahil Nayar, Sachin Chadha, and Keshav Chadha, founders of Mila Beauté.
Archana Jahagirdar of Rukam Capital added, “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, prioritising skincare and superior quality, set to redefine the beauty experience in the years ahead. The company’s vision, the founder’s leadership, and its commitment to innovation make it a compelling opportunity for us at Rukam Capital to support this dynamic segment. We are thrilled to be part of Mila Beauté’s growth journey and to contribute to its exciting future.”
Currently generating annual revenues of $7.23 million, Mila Beauté has set its sights on achieving a 2x growth within the next 12 to 18 months. The company remains focused on operational excellence and brand building, with no immediate plans for acquisitions or leadership changes. With this funding, Mila Beauté is well-positioned to accelerate its expansion and continue developing innovative, skin-friendly colour cosmetics for the Indian market.
