Naturis Cosmetics Secures Rs 33.74 Crore Funding

Naturis Cosmetics, a leading contract manufacturer in the beauty industry known for working with brands like Nykaa, Plum, Pilgrim, and Bare Anatomy, has successfully raised Rs 33.74 crore (approximately $3.5 million) in its initial funding round. This round is spearheaded by Sharrp Ventures, with additional support from Mirabilis Investment Trust. According to their filing with the Registrar of Companies (RoC), Naturis Cosmetics’ board has sanctioned a special resolution to issue 12,784 preference shares priced at Rs 26,400 each, aiming to generate the aforementioned capital.

Funding Details and Stake Acquisition

Sharrp Ventures will contribute Rs 22.5 crore towards this funding round, while Mirabilis Investment Trust will add Rs 11.25 crore. This current infusion of capital may be a segment of a broader funding initiative; as per a report from the Economic Times, Naturis Cosmetics is contemplating raising approximately Rs 80-100 crore.

Valuation and Company Background

Based on estimates from Startup Superb, the company, based in Jammu, is projected to reach a valuation of around Rs 364 crore, equivalent to about $38 million post-money. Established in 2011 by Rahul Tandon, Naturis Cosmetics focuses on B2B contract manufacturing, specialising in developing and producing skincare, haircare, personal care, fragrance, and cosmetic products for the beauty sector.

Naturis Cosmetics offers a comprehensive range of services, including OEM/ODM, private label solutions, product formulation, research and development, packaging, manufacturing, and regulatory compliance. Their clientele features notable brands such as Nykaa, Plum, Purplle, Bare Anatomy, and Ustraa, catering to the growing demands of the beauty and personal care market.

Performance Metrics

Following this funding round, Sharrp Ventures will obtain a 6.19% stake in Naturis Cosmetics, while Mirabilis Investment Trust will hold a 3.09% stake. Although the company has not yet submitted its FY26 financial statements, Naturis Cosmetics reported a significant year-on-year increase of 40% in operating revenue, reaching Rs 154 crore in FY25, compared to Rs 110 crore in FY24. The company also maintained profitability, recording a net profit of Rs 12 crore during the same financial year.