Mila Beauté, a homegrown cosmetics brand, has secured $2.16 million (approximately ₹18 crore) in a pre-Series A funding round led by Rukam Capital, bringing its valuation to ₹303 crore ($35.3 million).
The newly raised funds will be directed toward expanding operations, advancing research & development, and introducing new product lines. The company also intends to strengthen its market presence and double its retail footprint across India.
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Currently generating annual revenues of $7.23 million, the brand is aiming to achieve 2x growth within the next 12–18 months. With a distribution network spanning over 10,000 retail outlets across India, Mila Beauté plans to double its retail reach by the end of the year as it continues to solidify its presence in the competitive beauty industry.
About Mila Beauté
Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers a wide array of beauty products, including lipsticks, foundations, eyeliners, and skincare-infused makeup, all formulated without harmful chemicals.
