SkinInspired Nets Seed Funding To Expand Its Skincare Play

SUMMARY

SkinInspired has raised INR 12.2 Cr (around $1.5 Mn) in a seed funding round led by Unilever Ventures, with participation from a host of angel investors, including Dr Vaidya’s cofounder Arjun Vaidya, among others

The startup plans to deploy the fresh proceeds for research and development as well as brand marketing

Founded by Piyush Jain and Prashant Agarwal in 2022, SkinInspired is a high performance skincare brand and claims to be safe and formulated with multiple proprietary active ingredients blends

Udaipur-based skincare brand SkinInspired has raised INR 12.2 Cr (around $1.5 Mn) in a seed funding round led by Unilever Ventures, with participation from a host of angel investors, including Dr Vaidya’s cofounder Arjun Vaidya, among others.

The startup plans to deploy the fresh proceeds for research and development as well as brand marketing.

Founded by Piyush Jain and Prashant Agarwal in 2022, SkinInspired is a high performance skincare brand and claims to be safe and formulated with multiple proprietary active ingredients blends.

SkinInspired has a curated range of assorted products based on skin types in four segments, including face wash, face serum, sunscreens and moisturisers.

“SkinInspired epitomises the fusion of efficacious ingredient blends, delightful textures, and functional packaging, delivering a luxurious skincare experience with global resonance. We aim to elevate onto the global stage, benchmarking our formulations against the best worldwide” said Jain.

SkinInspired competes against the likes of Minimalist, The Derma Co and Dr Sheth’s among others.

Recently, a host of D2C skincare startups have raised funding.

For instance, last month, skincare solution startup CHOSEN by Dermatology secured a seed funding of $1.2 Mn (around INR 10 Cr) from friends and family.

In the same month skincare startup Asaya raised $1.5 Mn in a seed funding round co led by OTP Ventures and Huddle Ventures, with participation from Eternal Capital.

According to an Inc42’s report, the market opportunity in the beauty and personal care space for the D2C market is expected to reach $5.6 Bn and the number of online shoppers is expected to cross 122 Mn by 2025.