Mila Beauté, a cosmetics brand, has Raised $2.16 million in a pre-Series A funding round led by Rukam Capital.
The newly raised funds will be used toward expanding operations, advancing research & development, and launching new product lines. The startup also intends to strengthen its market reach and double its retail footprint across nation.
Also read – Droom Raises $3 Million to Fuel IPO Plans
Currently generating annual revenues of $7.23 million, the brand is aiming to achieve 2x growth within the next 12–18 months. With a distribution network spanning over 10,000 retail outlets across India, Mila Beauté plans to double its retail reach by the end of the year as it continues to solidify its presence in the competitive beauty industry.
About Mila Beauté
Established by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers beauty products, including lipsticks, foundations, eyeliners, and skincare-infused makeup.