SkinInspired, a dermaceutical skincare company situated in New Delhi, has raised $2.9 million (Rs 24 crore) in a Series A fundraising round headed by Spring Marketing Capital.

Key Highlights

• SkinInspired raised $2.9 million in a funding round led by Spring Marketing Capital to fuel growth.
• The investment will support product expansion, brand reach, and scaling operations in competitive skincare market.

Arihant Patni of Patni Financial Advisors and Lotus Herbals' Beauty Innovation Fund also participated in the round. Unilever Ventures, an existing investor, also took part.

Earlier in July 2024, Unilever Ventures and other investors launched a seed round that raised Rs 12.25 crore, or about $1.5 million.

The money raised will go toward growing the workforce, investing in brand development, and scaling research and product innovation. As it grows in the dermaceutical skincare sector in India, SkinInspired also intends to expand its distribution.

SkinInspired, which was founded in 2022 by physician Dr. Prashant Agrawal and FMCG veteran Piyush Jain, focuses on efficacy-led, clinically validated skincare solutions created in partnership with dermatologists. The business reports high repeat usage throughout its range and collaborates with more than 200 dermatologists.

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According to Agrawal, the company will continue to uphold vegan and cruelty-free standards while placing a high priority on formulation quality, ingredient transparency, and clinical validation.

Angel investors Arjun Vaidya, Ruchi Kohli, Chinmaya Goyal, Ana Kapur, Jivraj Singh Sachar, and Swapnil Sheth also support SkinInspired.