Naturis Cosmetics raises Rs 33.74 crore maiden round led by Sharrp Ventures at Rs 364 crore valuation
The B2B contract manufacturer behind brands like Nykaa, Plum and Pilgrim is raising Rs 33.74 crore ($3.5M) led by Sharrp Ventures (Rs 22.5 crore) and Mirabilis (Rs 11.25 crore) at a Rs 364 crore post-money valuation. Naturis clocked Rs 154 crore FY25 revenue, up 40% YoY, with Rs 12 crore net profit, and targets Rs 80-100 crore total.
What happened
Naturis Cosmetics, a B2B contract manufacturer for beauty brands like Nykaa, Plum, and Pilgrim, is raising Rs 33.74 crore in maiden funding 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 Sharrp
- Rs 11.25 crore Mirabilis
- Rs 80-100 crore target
- 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
As the picks-and-shovels manufacturer powering multiple leading beauty brands, Naturis is a strategic supply-chain asset that could attract acquisition interest from vertically integrating D2C players or larger contract manufacturers seeking client concentration.
What to watch
- Client concentration disclosures (share of top 3 brands in revenue)
- New brand onboarding announcements or exclusive supply agreements
- FY26 revenue run-rate vs stated Rs 80-100 crore target
- Margin trajectory as capacity scales (net profit above Rs 12 crore base)
- Competing CDMO fundraises signaling sector heat or crowding
- Deploy capital into new formulation/filling capacity and R&D for clean-beauty SKUs
- Sign additional D2C and legacy brand contracts to hit Rs 80-100 crore target
- Hire senior ops/finance talent to institutionalize for next raise
- Sharrp/Mirabilis push governance and reporting cadence for follow-on positioning