Naturis Cosmetics secures USD 10.4M funding led by Sharrp Ventures
The round also included participation from Mirabilis Investment Trust, Anicut Capital, Niveshaay, and several angel investors.
INDIA – Naturis Cosmetics, a contract development and manufacturing organisation in the beauty and personal care space, has secured Rs 100 crore in its first funding round, with Sharrp Ventures leading the investment.
The company will deploy the capital to expand operations in India, including a manufacturing facility in Vapi, Gujarat, an R&D centre in Mumbai, and an experience centre in the NCR. It also plans to grow its workforce as part of the expansion.
According to co-founder and CEO Rahul Tandon, the investment supports Naturis’ ambition to become India’s leading ODM platform in the BPC space and reflects confidence in the country’s manufacturing and innovation ecosystem.
Based in Mumbai, Naturis works with brands including Pilgrim, Purplle, Nykaa, Asaya, Hoop, Colorbar, Innovist’s Bare Anatomy, Kay Beauty, and Antinorm, while also serving pharmaceutical clients such as Glenmark and Dr. Reddy’s Laboratories.
The company plans to diversify over the next five years into men’s grooming, body care, colour cosmetics, fragrances, exports, and OTC pharma, while strengthening its innovation pipeline for current and new partners.
Sharrp Ventures’ Divya Gupta said Naturis stood out for its strong formulation capabilities, product development expertise, quality systems, and customer-first approach.
Naturis added that its revenue has grown by over 50% annually on a CAGR basis in the last four years, with the business remaining profitable.
The company also pointed to Redseer’s forecast that India’s beauty and personal care market will grow to USD 40 billion by 2030, making innovation-led manufacturing partners increasingly important.
Recently, Naturis Cosmetics raised Rs 33.74 crore (USD 3.53 million) from a group of institutional backers led by Sharrp Ventures and Mirabilis Investment Trust, with participation from select domestic family offices.
The transaction is understood to be part of a broader capital‑raising effort, with earlier reports indicating that Naturis has been in talks to secure Rs 80–100 crore (USD 8.36-10.45 million) from investors, including Sharrp Ventures and other family offices.
This round converts Naturis from a fully promoter‑owned contract manufacturer into an institutionally backed platform, setting the stage for more structured expansion and future fundraising.
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