Funding · Commerce & Consumer Brands

SkinInspired raises seed round from Unilever Ventures

By Startup Enthusiast · 15 July 2024

What they do

SkinInspired makes skincare products like face wash, serum, sunscreen and moisturiser for different skin types

It raised a seed round of ₹12.25 crore (~$1.5 million) led by Unilever Ventures, with angel Arjun Vaidya participating

The brand recently launched India's first refillable skincare line using airless jars and pumps

SkinInspired raised a seed round of ₹12.25 crore (~$1.5 million).
The round was led by Unilever Ventures, the venture capital arm of Unilever.
Angel investor Arjun Vaidya, co-founder of Dr Vaidya’s, also participated.
The company was founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal.
SkinInspired offers face wash, face serum, sunscreen and moisturiser tailored to different skin types.
It claims to use multiple proprietary active ingredient blends in its products.
The brand recently launched a refillable skincare line with airless jars and pumps, a first in India.

India's skincare industry was valued at $3 billion in 2023 and is projected to reach $13 billion by 2034 at a CAGR of 14.6%.
Unilever Ventures' investment signals growing interest in science-backed, sustainable skincare brands in India.
The refillable packaging launch positions SkinInspired in the sustainability trend within beauty and personal care.

SkinInspired makes skincare products including face wash, face serum, sunscreen and moisturiser, each formulated for different skin types.
The company claims to use proprietary active ingredient blends in its formulations.
It recently introduced India's first refillable skincare line with airless jars and pumps.

Unilever Ventures (lead) — Unilever Ventures is the venture capital arm of Unilever, investing in consumer goods and technology startups.
Arjun Vaidya (participated) — Arjun Vaidya is the co-founder of Dr Vaidya’s, a skincare brand.

Product: D2C skincare brand
Customers: Consumers looking for active-ingredient and dermatologist-curated skincare products for acne, pigmentation, and aging.
How it makes money: Generates revenue through direct-to-consumer sales on its website and third-party e-commerce and quick commerce marketplaces.
What sets it apart: Develops clinically tested formulations with proprietary active blends in collaboration with more than 200 dermatologists.

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