Legal · Commerce & Consumer Brands

Mila Beauté co-founder terminated, dispute heads to arbitration

By Startup Enthusiast · 3 February 2026

What they do

Mila Beauté is a colour cosmetics brand offering affordable, high-performance products with both offline and online sales

Saahil Nayar was terminated from the company, and the Delhi High Court has appointed a sole arbitrator for the dispute between the parties

The arbitration adds uncertainty as investors focus on execution, leadership continuity, and governance

Saahil Nayar, a co-founder of Mila Beauté, was terminated from the company.
He moved the Delhi High Court over his termination.
The Delhi High Court appointed a sole arbitrator to resolve the dispute.
The dispute now moves to arbitration proceedings.
Mila Beauté was established in 2018 by Sachin Chadha and Keshav Chadha.
The brand Mila Beauté was launched in 2024 with Saahil Nayar as a co-founder.
The company raised institutional capital during its growth phase.

The arbitration introduces uncertainty at a time of heightened investor scrutiny.
Investors are focusing on execution, leadership continuity, and governance.
The leadership dispute could affect the company's growth plans.

Product: Color cosmetics including lipsticks, foundations, and eyeliners with skincare-infused formulations
Customers: Indian women seeking affordable, high-quality makeup products
How it makes money: Multi-channel D2C and retail distribution through counters, e-commerce, and quick-commerce
What sets it apart: Ingredients-first approach with harmful-chemical-free formulations targeting regional preferences