INDIA'S
FASTEST-GROWING
D2C
BRANDS
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01
Desi Farms
02
The Sleep Company
03
Boldfit
04
The Pant Project
05
Rage Coffee
06
Juicy Chemistry
07
Anveya Living
08
Earth Rhythm
09
Happy Nature
10
Revour Consumer
11
Chkokko
12
Innovist
13
Beco
14
Geek – Harkin
15
Himalayan Organics
16
Country Bean
17
Infinia
18
DrinkPrime
19
Snitch
20
Flo Sleep Solutions
21
Wellbeing Nutrition
22
XYXX
23
The Decor Kart
24
Wings
25
Power Gummies
26
Gramiyaa
27
Farmers Fresh Zone
28
Bunaai
29
SuperBottoms
30
Deconstruct
31
Fix My Curls
32
Yu
33
Khari Foods
34
MasterChow
35
NE Origins
36
P-TAL
37
Perfora
38
Saaki
39
Sadhev
40
ShineXPro
41
SVISH-On-The-Go
42
Zeroharm
12
Innovist
Growth Category
Fact sheet
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FOUNDER(S)
Rohit Chawla, Sifat Khurana, Vimal Bhola
KEY INVESTORS
72 Ventures, Sauce.vc, Accel, Arihant Patni (Patni Family Office)
FOUNDED IN
March 2019
SUB-SECTOR
Beauty and Personal Care
HEADQUARTERS
Gurugram, Haryana
TOTAL FUNDING
$7 Mn
KEY COMPETITORS
DermaCo, Plum, BeBodywise, Minimalist
Innovist Houses Three Personal Care Brands, Banks On Excellence To Disrupt The Industry
Its cutting-edge R&D and manufacturing unit, extensive clinical trials and adherence to EU safety norms spell the gold standard for quality
146%
Growth Rate
$1.6 Mn
FY22 Revenues
1 Mn+
Customers Served
100+
Number Of SKUs
The Origin Story
After monitoring consumer behaviour meticulously for a long time, Rohit Chawla, founder and former CEO of the premium grooming brand The Man Company, realised that Indians perceived European and U.S. beauty brands as superior to homegrown products. In brief, they associate high quality with global brands but lack trust in their Indian counterparts. Determined to create a top-notch personal care brand based on trust and transparency, Chawla teamed up with Sifat Khurana, former graphic designer at Ogilvy, and R&D scientist Vimal Bhola to launch Innovist. For context, it is the parent company of the hair care brand Bare Anatomy, the skincare business Chemist at Play and the sun care range SunScoop.
The Growth
The startup began its journey with the hair care brand Bare Anatomy in 2019 but ventured into skincare two years later and finally launched SunScoop in 2022, leading to 100+ SKUs. It also brought its three brands under the main website Innovist.com and claimed that its CX (customer experience) went up by 15%. It eyes close to 3.5x revenue growth YoY in FY23, from $1.6 Mn to $5.2 Mn. Overall, it has served more than 1 Mn users and sold 1.5 Mn products.
The Differentiator
Innovist boasts a comprehensive R&D facility and manufacturing unit, giving it complete control over the entire production process. This helps it design formulations from scratch, track product efficacy and ensure quality control, similar to what leading global brands do. Every product under its banner undergoes extensive clinical testing before hitting the market, and user feedback during these trials is carefully considered before the final rollout. It also follows the EU safety standards for ingredients and chemical formulations.
What’s Next
Innovist will strengthen its presence on major marketplaces such as Flipkart and Purplle and expand its retail footprint across 1K+ stores by the end of 2023. In the long run, it aims to launch more personal care businesses and emerge as a house of brands.
42 of india's fastest growing d2c brans of 2022
fast42
42 of india's fastest growing d2c brands of 2022
fast42
42 of india's fastest growing d2c brands of 2022
fast42
42 of india's fastest growing d2c brans of 2022
fast42
42 of india's fastest growing d2c brands of 2022
fast42
42 of india's fastest growing d2c brands of 2022
fast42
42 of india's fastest growing d2c brans of 2022
fast42
42 of india's fastest growing d2c brands of 2022
fast42
42 of india's fastest growing d2c brands of 2022
fast42
The
SELECTION
PROCESS
1000+
APPLICATION
APPLICATION
500+
Verification Calls
Verification Calls
140+
INTERVIEWS & PITCHES
INTERVIEWS & PITCHES
42
Brands Shortlisted
Brands Shortlisted
Inc42 conducted a 3 month application cycle and received over 1,000 nominations from India’s D2C brands. The D2C brands who submitted the complete application and who data we could independently verify were considered in this ranking.
The list comprises two categories – Growth and Emerging.
The list comprises two categories – Growth and Emerging.
01
02
GROWTH
CATEGORY
Read more
Read LESS
For India’s fastest growing D2C brands who have successfully demonstrated significant traction and growth, ranked on the basis of the highest revenue growth rates between 2020 & 2022.
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Generated at least INR 1 Cr revenue in FY 2020
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Generated at least INR 7 Cr revenue in FY 2022
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Generated at most INR 100 Cr revenue in any financial year
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Be privately held, for profit; based in India, and independent entity (not a subsidiary or division of another company)
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Should sell its own products via its own website as a key sales channel
EMERGING
CATEGORY
Read more
Read LESS
For India’s emerging D2C brands who have successfully demonstrated innovation or has the potential to disrupt a category, selected & ranked by an esteemed panel of industry leaders & Inc42’s editorial team.
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Founded on or after Apr 1st, 2020
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Generated at least INR 50 L revenue in any financial year
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Generated at most INR 7.5 Cr revenue in any financial year
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Be privately held, for profit; based in India, and independent entity (not a subsidiary or division of another company)
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Should sell its own products via its own website as a key sales channel
EMERGING CATEGORY JURY
Growth category
For India’s emerging D2C brands who have successfully demonstrated innovation or has the potential to disrupt a category, selected & ranked by an esteemed panel of industry leaders & Inc42’s editorial team.
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Founded on or after Apr 1st, 2020
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Have generated minimum revenue of INR 50 L in any financial year/since incorporation
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Should not have revenue exceeding INR 7.5 Cr in any financial year
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Be privately held, for profit; based in India, and independent entity (not a subsidiary or division of another company)
-
Should sell its own products via its own website as a key sales channel