Naturis Cosmetics raises Rs 100 Cr led by Sharrp Ventures to scale beauty manufacturing
Beauty contract manufacturer Naturis, which makes products for Nykaa, Purplle, Pilgrim, Colorbar and Kay Beauty, will use the funds to expand Vapi production, Mumbai R&D and an NCR experience centre as it rides India's fast-growing BPC market.
What happened
Beauty CDMO Naturis Cosmetics raised Rs 100 crore led by Sharrp Ventures to expand its Vapi production, Mumbai R&D and NCR experience centre. It manufactures
Key facts
- Rs 100 crore
- 50% revenue CAGR
- $40 billion BPC market by 2030
Why this matters
As the CDMO behind multiple leading beauty brands, Naturis is a strategic manufacturing partner and potential consolidation anchor in India's fragmenting BPC supply chain.
What to watch
- Vapi plant commissioning timeline and utilization rates
- New brand-client announcements or loss of an anchor client
- BPC sector funding trends signaling brand launch velocity
- Gross margin trajectory as capex converts to output
- Competing CDMOs raising capital or brands going in-house
- Sign multi-year private-label contracts to de-risk revenue and justify Vapi expansion
- Add formulation categories (clean beauty, actives, color cosmetics) to widen wallet share per client
- Pursue regulatory certifications for export to open non-India CDMO demand
- Onboard mid-size and mass beauty brands to dilute D2C-only concentration