Naturis Cosmetics raises Rs 100 Cr led by Sharrp Ventures

Naturis Cosmetics raised Rs 100 crore in a maiden funding round led by Sharrp Ventures, with participation from Mirabilis Investment Trust, Anicut Capital, and Niveshaay.

The funds will be used to expand its manufacturing facility in Vapi, Gujarat, open an R&D centre in Mumbai, an experience centre in the NCR region, and expand its team.

Naturis Cosmetics is a contract development and manufacturing organisation (CDMO) in the beauty and personal care (BPC) space, partnering with brands like Pilgrim, Purplle, Nykaa, and pharmaceutical companies like Glenmark and Dr. Reddy’s Laboratories.

The company plans to diversify into men's grooming, body care, colour cosmetics, fragrances, and exports over the next five years.

Naturis has recorded over 50% revenue CAGR over the last four years while remaining profitable.