Innovist, the parent company of beauty and personal care (BPC) brands like Bare Anatomy and Chemist at Play, has raised INR 136 Cr (about $15.8 Mn) in its Series B round.
ICICI Venture led the round, which also saw participation from Mirabilis Investment Trust, Niveshaay Investment, and existing backer Sauce.vc.
The funds will be used to drive product innovation, scale operations, and expand the team. The round included a secondary exit by early investor Accel.
Innovist, a 'house of brands' startup with a focus on clean, transparent, and science-backed personal care products, claimed to have crossed INR 300 Cr revenue mark in FY25.