Homegrown beauty brand Mila Beauté has secured $2.16 million (approx. ₹18 crore) in a pre-Series A funding round, led by Rukam Capital. The company is now valued at ₹303 crore ($35.3 million). The fresh capital will be used to fuel expansion, enhance research and development, introduce new product lines, and strengthen its market presence.
A Growing Beauty Empire
Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers a wide range of beauty products, from lipsticks and foundations to eyeliners and skincare-infused makeup. The brand prides itself on clean, high-quality formulations free from harmful chemicals.
Currently, Mila Beauté generates $7.23 million in annual revenue and aims to double its growth over the next 12 to 18 months.
Expanding Retail Footprint
With a presence in 10,000+ retail outlets across India, Mila Beauté is on track to double its distribution network by the end of the year.
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“We’ve always believed in building a brand that goes beyond fleeting trends. Our goal is to create products that truly resonate with the modern Indian consumer—high-quality, homegrown, and backed by data-driven insights. Partnering with Rukam Capital allows us to scale aggressively, whether it’s investing in manufacturing, developing innovative skin-friendly formulations, or strengthening our market reach. Most importantly, we remain committed to quality and staying deeply connected with our consumers,” the founders shared.
Backing from Rukam Capital
Rukam Capital sees immense potential in Mila Beauté’s approach. Archana Jahagirdar, Founder and Managing Partner, noted:
“India’s beauty industry is evolving rapidly, with consumers demanding products tailored to their changing needs. Mila Beauté stands out with its research-driven approach, prioritizing skincare and high-performance formulas. The brand is poised to redefine the beauty experience in the years ahead.”
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With this latest round of funding, Mila Beauté is gearing up for its next phase of growth, solidifying its position as a key player in India’s booming beauty market.
