Homegrown cosmetics brand Mila Beauté has raised $2.16 million (approximately ₹18 crore) in a pre-Series A funding round led by Rukam Capital, valuing the company at ₹303 crore ($35.3 million).
The fresh capital will be utilized to expand operations, drive research and development, and introduce new product innovations. The company also aims to strengthen its market presence and scale its operations.
Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers a diverse range of beauty products, including lipsticks, foundation, and eyeliners.
The brand focuses on high-quality, skincare-infused makeup free from harmful chemicals.
Currently, Mila Beauté reports an annual revenue of $7.23 million and is targeting 2x growth over the next 12–18 months.
Also Read: Meesho Reports 1.3 billion Orders in First Nine Months of FY25, Eyes IPO
The brand is available at over 10,000 retail counters across India, with plans to double its footprint by the end of the year.
