Skincare brand SkinInspired raises $1.5 million in seed funding round led by Unilever Ventures
Skincare brand SkinInspired has secured Rs.12.25 crore (about $1.5 million) in a seed funding round led by Unilever Ventures.
Notable angel investors, including Arjun Vaidya, co-founder of Dr Vaidya’s, also participated in the round.
The brand plans to use the capital raised for research and development, strategic marketing efforts, and to strengthen its go-to-market strategy.
Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired is a high-performance skincare brand.
Formulated with safe, proprietary active ingredient blends, SkinInspired offers a curated range of products tailored to different skin types in four categories: face wash, face serum, sunscreen, and moisturizer.
The brand has also introduced what it claims to be India’s first refillable skincare line, featuring airless jars and pumps designed to preserve product efficacy and promote sustainability—addressing a significant gap in the Indian skincare market. This line also meets the expectations of clean beauty and transparent skincare.
Piyush Jain, Founder and CEO of SkinInspired, a BPC veteran and former Director at P&G, said, “SkinInspired represents the perfect blend of effective ingredient formulations, delightful textures, and functional packaging, offering a luxurious skincare experience with global appeal. Our goal is to bring 'I-beauty' to the international stage, setting our formulations against the best in the world.”
Pawan Chaturvedi, Partner-Asia at Unilever Ventures, said, “Dermaceutical brands are one of the fastest-growing segments both in India and globally. We are excited to partner with SkinInspired, a brand that has established a unique position in a highly competitive market, earning early recognition from both consumers and the dermatology community.”
Dr. Prashant Agrawal, a renowned dermatologist and Co-founder and Chief of Products at SkinInspired, said, “We aim to elevate efficacy, experience, and transparency in skincare through carefully curated informational content on our social media channels.”
The startup stated that the Indian skincare industry reached a size of $3 billion in 2023, with demand expected to grow at a CAGR of 14.6% over the forecast period. The industry is projected to expand to $13 billion by 2034.
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Notable angel investors, including Arjun Vaidya, co-founder of Dr Vaidya’s, also participated in the round.
The brand plans to use the capital raised for research and development, strategic marketing efforts, and to strengthen its go-to-market strategy.
Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired is a high-performance skincare brand.
Formulated with safe, proprietary active ingredient blends, SkinInspired offers a curated range of products tailored to different skin types in four categories: face wash, face serum, sunscreen, and moisturizer.
The brand has also introduced what it claims to be India’s first refillable skincare line, featuring airless jars and pumps designed to preserve product efficacy and promote sustainability—addressing a significant gap in the Indian skincare market. This line also meets the expectations of clean beauty and transparent skincare.
Piyush Jain, Founder and CEO of SkinInspired, a BPC veteran and former Director at P&G, said, “SkinInspired represents the perfect blend of effective ingredient formulations, delightful textures, and functional packaging, offering a luxurious skincare experience with global appeal. Our goal is to bring 'I-beauty' to the international stage, setting our formulations against the best in the world.”
Pawan Chaturvedi, Partner-Asia at Unilever Ventures, said, “Dermaceutical brands are one of the fastest-growing segments both in India and globally. We are excited to partner with SkinInspired, a brand that has established a unique position in a highly competitive market, earning early recognition from both consumers and the dermatology community.”
Dr. Prashant Agrawal, a renowned dermatologist and Co-founder and Chief of Products at SkinInspired, said, “We aim to elevate efficacy, experience, and transparency in skincare through carefully curated informational content on our social media channels.”
The startup stated that the Indian skincare industry reached a size of $3 billion in 2023, with demand expected to grow at a CAGR of 14.6% over the forecast period. The industry is projected to expand to $13 billion by 2034.
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