L'Oréal-Innovist deal anchors $426 Mn week as TruNativ, Foodstories close Series B rounds

Indian startups raised $426 Mn across 19 deals June 15-19. L'Oréal is acquiring a majority stake in beauty D2C Innovist at a $350-450 Mn valuation, while TruNativ closed a $30 Mn Series B and Foodstories raised $5.2 Mn. Mensa Brands is targeting an IPO within 18 months.

— Source publishedSat, 20 Jun, 2026, 09:00 IST·First seen Sat, 20 Jun, 2026, 09:02 IST·Source Inc42

What happened

TruNativ · Indian startups raised $426 Mn across 19 deals June 15-19, with retail-relevant moves including L'Oreal acquiring majority in beauty D2C Innovist

Key facts

  • $426 Mn
  • $234 Mn Sarvam Series B
  • $30 Mn TruNativ Series B
  • $5.2 Mn Foodstories Series B
  • $1 Mn Gimi Michi
  • $731K Xtovia
  • $1.1 Mn Speedioo
  • L'Oreal-Innovist $350-450 Mn
  • Meta-CRED $4 Bn

Why this matters

L'Oréal's majority play for Innovist is the template—global strategics are paying mid-nine-figures for Indian D2C brands with proven distribution, so accelerate target lists in beauty, nutrition, and specialty food before valuations reset higher.

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