VC Fund Investments
Personal care brands parent Innovist raises Rs.136-Cr from ICICI Venture, others
Gurugram-based Innovist , the parent company of personal care brands such as Bare Anatomy and Chemist at Play, has raised INR 136 crore in a funding round led by ICICI Venture. The round, which was a mix of primary and secondary investment, also saw participation from Mirabilis Investment Trust, Niveshaay Investment, and existing investor Sauce VC.Post the fundraise, venture capital firm Accel India has fully exited the company. Accel had invested in Innovist through its seed-stage programme, Atoms.The primary funds raised will be used to drive product innovation, expand into new markets, and to hire talent.Founded in 2018 by Rohit Chawla, Sifat Khurana, and Vimal Bhola, Innovist rebranded itself from Onesto Labs in 2022.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
