SkinInspired, a dermaceutical skincare brand, has raised ₹24 crore in its Series A funding round led by Spring Marketing Capital. The round also saw participation from Lotus Herbals’ Beauty Innovation Fund, Arihant Patni (Managing Director at Patni Financial Advisors) and existing investor Unilever Ventures.
The fresh funds raised will be applyd for research and innovation, brand building, and team expansion.
Founded in 2022 by Piyush Jain and Prashant Agrawal, SkinInspired is a dermaceutical skincare brand that offers a range of high-performance, science-backed products developed in collaboration with dermatologists.
The brand offers a curated portfolio across core skincare categories, including face wash, face serum, exfoliant, moisturizer, night cream and sunscreen.
SkinInspired has earlier won the Beauty & You Award by Estee Lauder & Nykaa, which included ₹1.25 crore in prize money, secured a deal on Zee TV’s display Ideabaaz, and has emerged as a top-rated brand on Amazon & Nykaa.
The brand is also backed by prominent angel investors such as Arjun Vaidya (Founder, Dr. Vaidya’s and Co-Founder, V3 Ventures), Ruchi Kohli (Counattempt Head – Mid-Market Business, Meta India), Chinmaya Goyal (Principal Economist, ADB & Ex-NITI Aayog), Ana Kapur (Entrepreneur & Ex-Meta, Amazon, P & G), Jivraj Singh Sachar (Founder, Indian Silicon Valley), and Swapnil Sheth (Director, IndigoEdge), reflecting strong confidence from indusattempt leaders.
Piyush Jain, Founder and CEO, SkinInspired, stated, “This funding round further cements SkinInspired as a brand that is raising the bar in the Indian skincare market. Our partnership with 200+ dermatologists, the high repeats of our products, and backing by marquee investors display the trust all stakeholders have placed in the brand. The proceeds from this round will mainly be allocated towards research and innovation, brand building, and team expansion.”
Dr. Prashant Agrawal, Senior Dermatologist, Co-founder and Chief Product Officer, stated, “With SkinInspired, we aim to stay ahead in formulations, ingredient quality and overall experience, and deliver true Delta 4 products. We will continue to stay committed to transparency, clean beauty compliance, vegan and cruelty-free standards, and clinically tested efficacy and safety, while delivering products that offer real and tangible results to consumers.”
Antara Raychaudhury, Head of Investments – Early Spring, Spring Marketing Capital, stated, “We are delighted to partner with SkinInspired, which offers Indian consumers an upgrade in terms of both efficacy and experience, and has all the right ingredients to become a global beauty brand.”
Nitin Passi, Managing Director, Lotus Herbals, stated, “As a cosmetics powerhoapply, we always view for bold brands that bring genuine innovation and deep research to the table. SkinInspired checks all the boxes, and we are glad to partner with them.”
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