Naturis Cosmetics raises Rs 100 Cr led by Sharrp Ventures
Naturis Cosmetics will primarily use this funding for expansion activities which includes manufacturing facility and open R&D centre
Naturis Cosmetics, a contract development and manufacturing organisation (CDMO) company in the beauty & personal care (BPC) space, raised Rs 100 crore in a maiden round of funding led by Sharrp Ventures.
The round also saw participation from Mirabilis Investment Trust, Anicut Capital and Niveshaay besides several angel investors.
Naturis Cosmetics will utilise this funding to expand its presence in the country, set a production in Vapi, Gujarat, R&D centre in Mumbai and experience centre in the NCR region. Besides, it will also be utilised for expanding its team.
On the fund raise, Naturis Cosmetics co-founder & CEO Rahul Tandon said, “Our long-term vision is to build India’s leading ODM platform in the BPC space. This investment is not just a vote of confidence in Naturis, but also in India’s manufacturing and innovation ecosystem.”
Mumbai headquartered Naturis Cosmetics has partnerships with leading brands such as Pilgrim, Purplle, Nykaa, Asaya, Hoop, Colorbar, Innovist’s Bare Anatomy, Kay Beauty, and Antinorm. It also has partnerships with several pharmaceutical companies such as Glenmark and Dr. Reddy’s Laboratories.
Over the next five years, Naturis intends to diversify into high-growth categories, including men’s grooming, body care, colour cosmetics, fragrances, and exports, while strengthening its capabilities in OTC pharma. The company also plans to deepen its innovation funnels with both existing and new brands.
On the investment into Naturis, Divya Gupta, Principal at Sharrp Ventures said, “What stood out to us about Naturis was its ability to combine deep formulation and product development capability with strong quality systems and a customer-first way of working.”
Naturis said it has recorded more than 50% revenue growth on a CAGR basis over the last four years while remaining profitable.
Quoting a report by Redseer, the company said India will be the fourth-largest beauty and personal care (BPC) market globally, growing to $40 billion by 2030. This is driven by rising consumer awareness, higher disposable incomes, and easy accessibility. Consequently, the demand for innovation-led manufacturing partners is also growing significantly.