Funding · Commerce & Consumer Brands

Naturis Cosmetics raises ₹100 crore in first institutional round

By Startup Enthusiast · 13 July 2026

What they do

Naturis Cosmetics is a contract development and manufacturing organisation (CDMO) for beauty and personal care products

It raised ₹100 crore in its first institutional funding round led by Sharrp Ventures, with participation from several investors

The company plans to use the funds to set up a new manufacturing facility, an experience centre, and an R&D centre

Naturis Cosmetics raised ₹100 crore in its first institutional funding round.
The round was led by Sharrp Ventures.
Participants included Mirabilis Investment Trust (the family office of Infosys co-founder K Dinesh), Anicut Capital, Niveshaay, Suyash Saraf (Hyperscale Ventures), and Yogesh Kabra.
Angel investors from the pharmaceutical and specialty chemicals sectors also participated.
The company's valuation is estimated at ₹350-400 crore.
Naturis plans to use the funds to set up a 225,000 sq ft manufacturing facility in Vapi.
It will also launch an experience centre in the NCR region and build an R&D centre in Mumbai.
The company will expand its workforce across functions.

India's online beauty and personal care market is expected to grow to $13 billion by FY30 from $6 billion in FY25.
India's overall beauty and personal care market is projected to reach $40 billion by 2030.
JM Financial PE invested ₹150 crore in competitor NG Electro Products in April 2026.

Naturis Cosmetics is a contract development and manufacturing organisation (CDMO) for beauty and personal care products.
It serves over 50 beauty and D2C brands, including Pilgrim, Purplle, Nykaa, Asaya, Hoop, Colorbar, Bare Anatomy, Kay Beauty, and Antinorm.
It also works with pharma clients such as Glenmark and Dr. Reddy's Laboratories for OTC and cosmeceutical products.
The company is headquartered in Mumbai.
Its estimated revenue for the last fiscal year was ₹250-300 crore.
Revenue has grown at a CAGR of over 50% over the past four years.
The company is profitable.
Over the next five years, it plans to diversify into men's grooming, body care, colour cosmetics, fragrances, exports, and OTC pharma.

Set up a 225,000 sq ft manufacturing facility in Vapi.
Launch an experience centre in the NCR region.
Build an R&D centre in Mumbai.
Expand workforce across functions.
Diversify into men's grooming, body care, colour cosmetics, fragrances, exports, and OTC pharma over the next five years.

Sharrp Ventures (lead)
Mirabilis Investment Trust (participant) — Family office of Infosys co-founder K Dinesh
Anicut Capital (participant)
Niveshaay (participant)
Suyash Saraf (participant) — Hyperscale Ventures
Yogesh Kabra (participant)

Product: Contract manufacturing of skincare, haircare, makeup, fragrances and personal care products
Customers: D2C brands, FMCG companies and OTC pharmaceutical firms seeking manufacturing partners
How it makes money: R&D-led contract development and manufacturing organization serving 50+ brands
What sets it apart: Integrated R&D capabilities and specialized formulation expertise across multiple product categories