Beauty and personal care contract development and manufacturing organization (CDMO) Naturis Cosmetics has raised ₹100 crore in its first institutional funding round, with Sharrp Ventures leading the investment. The fresh capital will be used to expand the company’s manufacturing capabilities, strengthen research and development (R&D), and accelerate its growth across India’s fast-growing beauty and personal care (BPC) sector.
The funding round also saw participation from Mirabilis Investment Trust (the family office of Infosys Co-founder K. Dinesh), Anicut Capital, Niveshaay, D2C ecosystem leaders including Suyash Saraf of Hyperscale Ventures and Yogesh Kabra, along with several prominent angel investors from the pharmaceutical and specialty chemicals industries.
Backing India’s Beauty Manufacturing Ecosystem
Mumbai-based Naturis Cosmetics has emerged as one of India’s leading R&D-driven CDMO companies, helping beauty and personal care brands develop and manufacture innovative products.
The company currently partners with more than 50 leading beauty and D2C brands, including Pilgrim, Purplle, Nykaa, Asaya, Hoop, Colorbar, Bare Anatomy, Kay Beauty, and Antinorm. Beyond beauty, Naturis also collaborates with pharmaceutical companies such as Glenmark and Dr. Reddy’s Laboratories to develop next-generation over-the-counter (OTC) and cosmeceutical products powered by proprietary technologies.
Funds to Fuel Manufacturing Expansion and Innovation
The newly raised capital will support Naturis Cosmetics’ long-term vision of becoming India’s leading Original Design Manufacturing (ODM) platform for the beauty, personal care, and wellness industry.
As part of its expansion plans, the company will establish a 225,000-square-foot state-of-the-art manufacturing facility in Vapi, launch a new customer experience centre in the National Capital Region (NCR), and build an advanced R&D centre in Mumbai. The company also plans to significantly expand its workforce across business functions.
Over the next five years, Naturis intends to diversify into high-growth categories including men’s grooming, body care, colour cosmetics, fragrances, exports, and further strengthen its capabilities in the OTC pharmaceutical segment while expanding innovation partnerships with both existing and emerging brands.
CEO Highlights Long-Term Vision
Commenting on the funding, Rahul Tandon, Co-founder and CEO of Naturis Cosmetics, said:
“Our long-term vision is to build India’s leading ODM platform in the BPC space. This investment is not just a vote of confidence in Naturis, but also in India’s manufacturing and innovation ecosystem. With the strategic expertise of our investors and partners, we are well-positioned to accelerate our growth, strengthen our R&D capabilities, expand our manufacturing footprint, and help build the next generation of brands from India.”
He added that the company remains committed to strengthening the industry’s backbone through innovation, agility, and operational excellence.
Investors Bet on Product Innovation
Explaining the investment rationale, Divya Gupta, Principal at Sharrp Ventures, said Naturis stood out for its strong formulation expertise, robust quality systems, and customer-first approach.
She noted that the company has evolved beyond being a manufacturing supplier to becoming a trusted innovation partner for its customers, enabling rapid business growth while maintaining strong financial performance.
Sharrp Ventures believes Naturis has the potential to become a leading product innovation and manufacturing platform serving both domestic and international beauty brands.
Strengthening Leadership for the Next Growth Phase
As part of the transaction, Sagar Kandhari, Partner at Ambassador Capital Partners, advised Naturis during its fundraising process and has joined the company’s Board to support its strategic growth and expansion plans.
Riding India’s Beauty Industry Boom
The investment comes at a time when India’s beauty and personal care industry is witnessing rapid growth.
According to a recent Redseer report, India’s beauty and personal care market is expected to reach $40 billion by 2030, making it the fourth-largest BPC market globally. Rising disposable incomes, increasing consumer awareness, and expanding access to premium beauty products are driving demand, creating significant opportunities for innovation-led manufacturing partners.
Naturis Cosmetics has already demonstrated strong business momentum, recording over 50% CAGR revenue growth during the past four years while remaining profitable.
With fresh institutional backing, expanded manufacturing capacity, and deeper R&D investments, the company aims to play a central role in strengthening India’s beauty manufacturing ecosystem and enabling the next generation of homegrown beauty and wellness brands.
By: Arushi Agarwal
