Mila Beauté, a fast-growing Indian beauty brand, has successfully raised fresh capital from Rukam Capital in a pre-Series A funding round. The investment will primarily support the company’s expansion, research & development (R&D), and operational scaling. Mila Beauté remains focused on strengthening its presence in the color cosmetics sector while introducing innovative, skin-friendly products.
Strengthening Manufacturing Capabilities
A significant portion of the funds will be allocated towards upgrading manufacturing capabilities. Mila Beauté’s vertically integrated operations reduce reliance on imports, ensuring superior quality control. This strategy aligns with the ‘Make in India’ initiative, emphasizing self-reliant production and contributing to the domestic economy.
Founders’ Vision
Saahil Nayar, Sachin Chadha, and Keshav Chadha, the co-founders of Mila Beauté, highlighted their commitment to creating a beauty brand driven by data and consumer insights. Saahil Nayar stated, “Indian consumers are increasingly seeking high-quality, homegrown products. Partnering with Rukam Capital provides us with the strategic backing to scale rapidly. From manufacturing enhancements to product innovation, this investment ensures we remain consumer-centric and uncompromising on quality.”
Investor Perspective
Archana Jahagirdar, Founder and Managing Partner at Rukam Capital, expressed confidence in Mila Beauté’s growth potential. She remarked, “The Indian beauty and cosmetics market is evolving, with consumers seeking personalized and innovative solutions. Mila Beauté’s dedication to quality, research-driven approach, and leadership vision position it as a transformative player in the sector. We are excited to support their expansion journey.”
Growth Trajectory
With current annual revenues of $7.23 million, Mila Beauté is targeting double-digit growth within the next 12-18 months. The company will maintain a strong focus on operational excellence and brand development, with no immediate plans for acquisitions or leadership changes.