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SkinInspired Secures $1.5 Million Funding Round Led by Unilever Ventures

Published July 16, 2024
Published July 16, 2024
SkinInspired

SkinInspired, a pioneering Indian skincare brand known for its dermatologically approved solutions, has secured Rs 12.25 crore ($1.5 million) in a seed funding round led by Unilever Ventures.WHO: Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired has established itself as a high-performance skincare brand. The company offers a curated range of products tailored to various skin types, including face wash, face serum, sunscreen, and moisturizer, all featuring proprietary active ingredient blends. The brand has also introduced refillable packaging to promote sustainability.WHY: The capital infusion will be allocated towards research and development initiatives, strategic marketing efforts, and enhancing the brand’s go-to-market strategy.IN THEIR OWN WORDS: “SkinInspired epitomises the fusion of efficacious ingredient blends, delightful textures, and functional packaging, delivering a luxurious skincare experience with global resonance. We aim to elevate ‘I-beauty’ onto the global stage, benchmarking our formulations against the best worldwide,” stated Piyush Jain, founder and CEO, SkinInspired.Pawan Chaturvedi, Partner-Asia at Unilever Ventures, remarked, “Dermaceutical brands represent one of the fastest-growing segments in India and globally. We are thrilled to collaborate with SkinInspired, a brand that has carved out a distinct niche within a fiercely competitive landscape, garnering early acclaim from consumers and the Dermatologists community alike.

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