Homegrown cosmetics brand Mila Beauté has raised $2.16 million in a pre-Series A funding round led by Rukam Capital.
The funding round valued Mila Beauté at $35.3 million.
The company plans to use the raised capital to expand operations, invest in R&D, develop new product lines, scale operations, and deepen its market presence.
Mila Beauté offers a diverse range of beauty products and aims to double its retail presence by the end of the year.