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SkinInspired raises $1.5 million in a seed round led by Unilever Ventures

Jul 15, 2024•over 1 year ago

Amount Raised

$1.5 Million

Round Type

seed

UdaipurCosmeticsBeautyFashionE Commerce

Investors

Dr. Vaidya’s Co Founder Arjun VaidyaUnilever Ventures

Description

Skincare brand SkinInspired has raised $1.5 million in a seed funding round led by Unilever Ventures. Notable angel investors, such as Dr. Vaidya’s co-founder Arjun Vaidya, also participated in the round. The brand plans to use the raised capital for research and development initiatives, strategic marketing efforts, and strengthening the brand's go-to-market strategy.

Company Information

Company

SkinInspired

Location

Udaipur, Rajasthan, India

About

SkinInspired is a high-performance skincare brand founded in 2022 by FMCG veteran Piyush Jain and Dermatologist Dr. Prashant Agrawal. The brand offers a curated range of assorted products based on skin types in four categories and has introduced India’s first refillable skincare line addressing a significant gap in the Indian skincare market.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers