Mila Beauté, a Delhi, India-based color cosmetics brand, raised $2.16M (approximately ₹18 crores) in Pre-Series A funding, at ₹303 crore valuation.
The round was led by Rukam Capital.
Founded by Saahil Nayar, Sachin Chadha and Keshav Chadha, Mila Beauté (fka Milap Cosmetics) is a color cosmetics brand that creates makeup essentials designed for Indian skin tone, which are free from chemicals.
With current annual revenues of $7.23 million, Mila Beauté is targeting a 2x growth in the next 12–18 months.
The company aims to strengthen its core business in the color cosmetics segment while also investing in new product development, scaling operations, and deepening its market presence. A significant portion of the funds will go into upgrading its manufacturing capabilities.
FinSMEs
27/03/2025