🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Bare Anatomy parent Innovist raises $7 Mn from Amazon Smbhav Venture Fund, others
Inc42
·
1y ago
Medial
Innovist, the parent company of D2C consumer brands Bare Anatomy and Chemist at Play, has secured $7 million in a Series A funding round led by Amazon Smbhav Venture Fund. Other existing investors, including 72 Ventures, the family office of Nykaa founder Falguni Nayar, and former KKR India head Sanjay Nayar, also participated in the round. The funds will be used for product innovation, market expansion, and team building. Innovist raised $3.5 million in a pre-series A funding round last year and has garnered over $13 million in total funding.
View Source
Related News
Innovist raises Rs 136 Cr led by ICICI Venture; Accel exits
Entrackr
·
3m ago
Medial
Innovist, the parent company of Bare Anatomy, has raised Rs 136 crore (approximately $16 million) in a Series B funding round led by ICICI Venture. The round saw participation from Mirabilis Investment Trust, Niveshaay Investment, and existing backer Sauce. The funding round includes both primary and secondary components and will be directed toward product development, business growth, and team expansion, the company said in a media release. In the round, the company provided exit to Accel, which came in via their seed program (atoms). Rohit Chawla, founder and CEO, said that Innovist is one of the fastest-growing BPC (beauty and personal care) firms in the country and aims to cross Rs 300 crore in revenue by FY25. While the company has not yet filed its annual statements for FY24, it reported operational revenue of Rs 36.53 crore in FY23, along with a loss of Rs 16.87 crore. Innovist, previously known as Onesto Labs, was founded in 2018 by Chawla, Sifat Khurana, and Vimal Bhola. The company provides personal care products and currently manages three brands: Bare Anatomy, Chemist at Play, and Sunscoop. To date, Innovist has raised over $26 million, including a $7 million Series A round led by the Amazon Smbhav Venture Fund. According to startup data platform TheKredible, prior to this round, Sauce.VC was the largest external stakeholder, followed by 72 Ventures, Accel India, and the Amazon Smbhav Fund. It competes with D2C beauty brands like Minimalist, Mamaearth, Wow Skin Science, and Sugar Cosmetics.
View Source
Bare Anatomy parent Innovist raises Rs 136 crore from ICICI Venture, others
Economic Times
·
3m ago
Medial
Innovist, the parent company of brands like Bare Anatomy, raised Rs 136 crore in a funding round led by ICICI Venture, with participation from Mirabilis Investment Trust and others. Accel Ventures fully exited the company through this round. The funds will support product innovation, market expansion, and team building. Innovist, rebranded from Onesto Labs, is among the fastest-growing beauty and personal care companies, with projections to cross Rs 300 crore in revenue by FY25.
View Source
Exclusive: Bare Anatomy parent Innovist kicks off Series B round
Entrackr
·
4m ago
Medial
Innovist, the parent company of Bare Anatomy, Chemist at Play, and Sunscoop, is raising Rs 49.25 crore (approximately $5.7 million) in its Series B round. This marks the first round of investment for the Gurugram-based company in 2025. The board at Innovist has passed a special resolution to issue 72,223 Series B compulsory convertible preference shares at an issue price of Rs 6,819 each, raising Rs 49.25 crore, according to its regulatory filing accessed from the Registrar of Companies (RoC). IVen Amplifi Fund (managed by ICICI Ventures Fund) will lead the round with Rs 19.47 crore, while Mirabilis Investment Trust will contribute Rs 10.1 crore. Sauce.VC and Niveshaay Sambhav Fund will also participate, investing Rs 8.75 crore and Rs 10 crore, respectively. The fresh proceeds will be utilized for recruitment, operations, sales, marketing, and other general corporate purposes, as decided by the board. According to Entrackr estimates, the company will be valued at approximately $140 million post-allotment. This capital infusion appears to be part of a larger funding round, with the potential for additional investments that could further impact its valuation. Founded in 2018 by Rohit Chawla, Sifat Khurana, and Vimal Bhola, Innovist—formerly known as Onesto Labs—offers personal care products. It currently operates three brands: Bare Anatomy, Chemist at Play, and Sunscoop. Innovist has raised over $16 million to date, including a $7 million Series A round led by the Amazon Smbhav Venture Fund. According to the startup data intelligence platform TheKredible, prior to this round, Sauce.VC was the largest external stakeholder, followed by 72 Ventures, Accel India, and the Amazon Smbhav Fund. The company has not yet filed its annual statements for the previous fiscal year (FY24). In FY23, it reported operational revenue of Rs 36.53 crore, while its losses amounted to Rs 16.87 crore during the same period.
View Source
Bare Anatomy's parent Innovist eyes $15 mn in a new funding round
Livemint
·
5m ago
Medial
Innovist, owner of the hair care brand Bare Anatomy, is in discussions to raise over $15 million in a primarily new investor-led funding round. The funds will support its expansion plans, including product innovation. Innovist, which also owns brands like Chemist at Play, reported FY23 revenue of ₹39.3 crore but increased losses. The beauty and personal care sector is seeing consolidation amidst challenges in securing follow-up funding. However, some mid-market firms continue closing successful funding rounds.
View Source
Amazon expands Smbhav Fund, commits $120M to boost domestic manufacturing
YourStory
·
7m ago
Medial
Amazon has pledged $120 million to the Smbhav Fund, a venture capital fund created to support startups in India. The fund, which initially launched with $250 million, focuses on assisting small businesses and startups in areas like agritech, digital transformation, and domestic manufacturing. This commitment is part of a memorandum of understanding between Amazon and the Department for Promotion of Industry and Internal Trade. Additionally, Amazon also announced two logistics solutions, Amazon Shipping and Amazon Freight, to provide reliable and scalable shipping options for Indian businesses.
View Source
Beauty brand RAS Luxury Skincare raises $5 million from Unilever Ventures, others
Economic Times
·
6m ago
Medial
RAS Luxury Skincare, a Raipur-based beauty brand, has secured $5 million in funding led by Unilever Ventures, along with Amazon Smbhav Venture Fund and existing backers. The funds will be used to expand its retail and online presence, invest in talent, R&D, marketing, and technology. Founded in 2017, RAS offers plant-based, vegan products and has seen 140% growth annually. The brand plans to increase offline revenue and establish a strong presence in India’s luxury skincare market.
View Source
Amazon VC fund’s head on investment strategy, SMB digitisation and more
VCCircle
·
1y ago
Medial
Abhijeet Muzumdar, the head of Amazon Smbhav Venture Fund, discusses the fund's investment strategy and its focus on supporting small and medium businesses in India. The fund, launched with $250 million, has already made successful investments in companies like Good Glamm Group, FreshToHome, and Acko. Muzumdar also emphasizes the importance of digitization for SMBs and highlights the fund's commitment to supporting their growth and success.
View Source
Orange Health Labs raises $12 million from Amazon Smbhav, others
Economic Times
·
7m ago
Medial
Indian diagnostics lab and healthcare platform, Orange Health Labs, has secured $12 million in funding from investors including Amazon Smbhav Venture Fund. The funds will be used to support product expansion, team growth, and innovation in diagnostics. Orange Health Labs offers at-home sample collection within an hour, extended operating hours, and report delivery within six hours. The company currently operates in four metro cities in India and plans to strengthen its presence there before expanding to other tier 1 cities. It has raised a total of $47 million in funding so far.
View Source
Exclusive: XYXX raises fresh funds led by Niveshaay Sambhav Fund
Entrackr
·
4m ago
Medial
Men-focused premium innerwear and lifestyle brand XYXX is raising Rs 30 crore ($3.6 million) in a funding round led by Niveshaay Sambhav Fund, with participation from Anicut Capital, DSG Consumer Fund, and Sauce Continuity Fund. The board at XYXX has passed a special resolution to issue 1,81,818 Series B2 CCPS at an issue price of Rs 1,650 each to raise the aforementioned sum, its regulatory filing accessed from the Registrar of Companies shows. Niveshaay Sambhav Fund will invest Rs 9.93 crore, while Anicut Capital, Sauce Continuity Fund, and DSG Consumer Partners will contribute Rs 7.95 crore, Rs 4.96 crore, and Rs 1.99 crore, respectively. The remaining amount will be invested by Singularity Growth, Selenium Trust, Veena Merchants, and Arun Venkatachalam HUF. XYXX will use these proceeds to meet the capex and working capital requirements for the ongoing operations. According to Entrackr's estimates, it will be valued at around Rs 820 crore post-allotment. XYXX is a lifestyle brand specializing in underwear, loungewear, and athleisure, crafted from premium fabrics. The company claims to have built a network of over 18,000 retailers across 50 cities. Besides its own website, XYXX retails on various marketplaces and claims to be among the top three innerwear brands. In FY23, the company launched its first store in central Mumbai and now plans to expand with new outlets in Indore and Bangalore. XYXX has raised Rs 250 crore to date, including Rs 110 crore led by Amazon Smbhav Venture Fund in May 2023. According to the startup data intelligence platform TheKredible, before this round, Sauce.vc was the largest external stakeholder, followed by DSG Consumer Fund and Amazon Smbhav Venture Fund. XYXX recorded a 25% year-on-year revenue growth, rising from Rs 105 crore in FY23 to Rs 131 crore in FY24. Simultaneously, the company trimmed its losses by 22.2% to Rs 35 crore in FY24.
View Source
Amazon to acquire fintech lending startup Axio
Economic Times
·
6m ago
Medial
Amazon has signed an agreement to acquire fintech lending startup Axio to enhance its financial services offerings in India. The Bengaluru-based Axio, previously known as Capital Float, operates a non-banking finance company and collaborates with banks through co-lending partnerships. The acquisition follows Amazon's prior investment in Axio, including a $20 million funding round led by Amazon Smbhav Venture Fund in 2022. Axio has served over 10 million customers, managing assets worth Rs 2,200 crore.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in