FAE Beauty, the Mumbai-based cosmetics company that first gained national visibility through Shark Tank India, has raised Rs 17 crore in a new funding round led by Spring Marketing Capital. The round also saw participation from Titan Capital Winners Fund, Arihant Patni and a group of individual investors from the consumer and beauty ecosystem.
Founded by UC Berkeley graduate and makeup artist Karishma Kewalramani, FAE Beauty positions itself in the fast-growing inclusive beauty segment, building colour cosmetics formulated specifically for diverse Indian skin tones and undertones. Its portfolio includes popular categories such as Lip Whip, Lush Blush and Eye Deal Kajal, which the brand says combine high-performance finishes with skincare-oriented benefits like hydration, long wear and anti-pigmentation support.
The fresh capital will be directed toward scaling product innovation, expanding the base of face-focused cosmetics and strengthening distribution across both online and offline channels. The company is increasing placements across direct-to-consumer platforms along with marketplaces and quick-commerce, including Nykaa, Amazon, Myntra, Blinkit, Tira and its own website. FAE Beauty also plans to widen its presence in modern retail outlets in key metro cities.
Speaking on the fundraise, Kewalramani said the brand is committed to reshaping how consumers engage with makeup in India, combining confidence, comfort and authenticity. She added that customers increasingly expect makeup to integrate skincare functionality without compromising on shade accuracy.
Kaushik Dasgupta, Head of Investments at Spring Marketing Capital, said the company reflects the shift toward skin-first beauty and personal expression. He noted that FAE has built a strong community through content-driven engagement and product performance, positioning it as a brand defining what modern Indian beauty could represent.
The investment comes at a time when India’s colour cosmetics market continues to expand rapidly, driven by younger consumers and rising preference for hybrid beauty products.










