Conscious Chemist Secures Rs 15 Crore Funding for Skincare Expansion
Conscious Chemist has raised Rs 15 crore (approximately $1.8 million) in a bridge funding round led by Atomic Capital. Participating in this round were First Port Capital and IPV International. In February 2024, Conscious Chemist had previously secured Rs 1 crore in debt financing from Recur Club. The company gained attention during Shark Tank India Season – III but did not secure any investment from that platform.
The funds raised will be allocated towards bolstering its leadership team, scaling inventory and marketing initiatives, as well as investing in product innovation and research. Additionally, the brand is set to diversify into new categories encompassing scalp and hair care.
About Conscious Chemist
Founded in 2021 by Robin Gupta and Prakher Mathur, Conscious Chemist operates within the active-first skincare realm, offering a range of over 30 products, which include acne treatment solutions, sunscreens, cleansers, and serums. The brand prioritises science-driven formulations featuring ingredients such as salicylic acid, peptides, ceramides, and retinol.
Growth and Profitability
Over the past year, Conscious Chemist has reported revenue growth of three times and has achieved profitability at the CM3 level. The brand boasts 75% gross margins and has attracted a customer base exceeding 2.5 million users, enjoying a retention rate nearly double the industry norm. Its rapid growth has been significantly bolstered by quick-commerce channels like Blinkit, Instamart, and Zepto, contributing to a three-fold increase in sales.
Future Goals
The startup is now aiming for an annual recurring revenue (ARR) of Rs 500 crore within the upcoming 24–36 months while maintaining its profitability.