Naturis Cosmetics raises Rs 33.74 crore maiden round led by Sharrp Ventures at Rs 364 crore valuation
The Jammu-based B2B contract manufacturer behind beauty brands like Nykaa, Plum and Pilgrim is raising its first external funding of Rs 33.74 crore ($3.5M), pegging its post-money valuation near Rs 364 crore. The profitable firm posted Rs 154 crore FY25 revenue, up 40% YoY, with Rs 12 crore net profit.
What happened
Naturis Cosmetics, a B2B contract manufacturer for beauty brands like Nykaa, Plum and Pilgrim, is raising Rs 33.74 crore in its maiden round led by Sharrp
Key facts
- Rs 33.74 crore
- $3.5 million
- 12,784 preference shares
- Rs 26,400 issue price
- Rs 22.5 crore
- Rs 11.25 crore
- Rs 364 crore valuation
- $38 million post-money
- 6.19% stake
- 3.09% stake
- Rs 154 crore FY25 revenue
- Rs 110 crore FY24
- 40% YoY growth
- Rs 12 crore net profit
Why this matters
Naturis's client roster spanning Nykaa, Plum, and Pilgrim makes it a strategic supply-chain asset worth watching for acquisition or partnership as beauty brands seek to secure captive manufacturing capacity.
What to watch
- FY26 revenue print and whether 40% growth holds
- Client concentration disclosure vs new brand additions
- Margin trend as capacity ramps
- Follow-on/Series A raise timing and valuation step-up
- Competitor CDMO funding rounds signaling sector heat
- Naturis expands capacity and adds premium/clean-beauty formulation capabilities
- Sharrp Ventures leverages Marico/Mariwala ecosystem for client introductions and governance upgrades
- Firm pursues geographic diversification beyond Jammu tax-incentive base
- Signs new D2C beauty brands to reduce top-client dependency