SkinInspired, a skincare brand, has successfully raised Rs 12.25 crore (approximately $1.5 million) in its seed funding round, with Unilever Ventures leading the investment. Arjun Vaidya, co-founder of Dr. Vaidya’s, also participated in this round. The capital infusion is earmarked for advancing research and development initiatives, bolstering strategic marketing campaigns, and enhancing the brand’s go-to-market strategy.
Established in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired specializes in a thoughtfully curated selection of products tailored to various skin types across four key categories: face wash, face serum, sunscreen, and moisturizer. Notably, the brand has introduced an innovative refillable skincare line featuring airless jars and pumps designed to maintain product potency while promoting sustainability.
The skincare sector in India expanded to $3 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 14.6% in demand over the coming years, according to industry reports.
