About Beauty Tech sector in India
The Beauty Tech sector in India comprises 2.65K companies, including 317 funded companies having collectively raised $3.05B in venture capital money and private equity. Out of these, 109 are Series A+ funded, and 5 have achieved unicorn status.
Beauty Tech sector in India has seen 43 acquisitions and 5 IPOs.
This sector includes companies offering beauty and personal care products, services, and technology through digital platforms, innovative products, or specialized solutions.
Beauty Tech sector is also known as Beauty eCommerce, E-Beauty Platform, Beauty Care Tech or Online Beauty Care Products.
Online-first beauty brands and retailers, innovative beauty products, B2C and B2B marketplaces, online beauty services and consultations, beauty-focused content and discovery platforms, consumer beauty apps, and technology solutions for consumers, brands, salons, and beauty professionals are included in this sector. Offline-first beauty businesses without qualifying innovation or technology offerings, multi-category platforms where beauty is not the primary focus, low-scale beauty content platforms, and healthcare-focused companies primarily diagnosing or treating medical conditions are excluded.
Top Beauty Tech Companies in India
There are 2,652 Beauty Tech startups in India which include Nykaa, Purplle, Bombay Shaving, Innovist, BELLAVITA. Out of these, 317 startups are funded, with 109 having secured Series A+ funding, and 5 achieving unicorn status.
2026 has seen the creation of 20 Beauty Tech startups in India. Over the past 10 years, an average of 179 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Delhi, Indian School of Business and IIT Kharagpur.
Here is the list of top Beauty Tech startups in India
1. Nykaa
Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels. The company provides various face serums, toners, hair serums, and exfoliators. It offers trending makeup and routines. The business model includes new product launches and beauty advice.
Key facts about Nykaa
- Founded Year: 2012
- Location: Mumbai (India)
- Stage: Public
- Total Funding till date: $88.9M
- Investors: TVS Capital Funds, Steadview and 65 Others
- Latest Funding Round: Series E, Mar 31, 2020, $*****
- Tracxn Score: 88/100 What is this?
- Competitors Rank: 1 of 176 Competitors
2. Purplle
Retailer of beauty and cosmetic products. This omnichannel platform offers a wide range of beauty and grooming items, including makeup, skincare, hair care, and fragrance products. The company provides a personalized shopping experience by recommending items based on individual preferences and purchase behavior. It operates both online and through physical retail outlets to provide a comprehensive selection of beauty solutions. PF = Yes
Key facts about Purplle
- Founded Year: 2012
- Location: Mumbai (India)
- Stage: Series F
- Total Funding till date: $560M
- Investors: Blume Venture, Peak XV Partners and 108 Others
- Latest Funding Round: Series F, Jun 27, 2024, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 2 of 174 Competitors
Online brand offering grooming and personal care products for mens. The company offers range of offerings includes shaving kits, razors and blades, pre-shave and post-shave products, beard care kits, skincare solutions, hair care, bath care products, and fragrances like perfumes and deodorants tailored to mens preferences. It also offers durable, technologically advanced trimmers for beard, hair, and body grooming with precise blades and long battery life.
Key facts about Bombay Shaving
- Founded Year: 2015
- Location: Gurugram (India)
- Stage: Series D
- Total Funding till date: $69.8M
- Investors: Sixth Sense Ventures, Colgate Palmolive and 101 Others
- Latest Funding Round: Series D, Nov 12, 2025, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 1 of 58 Competitors
4. Innovist
Retailer of personal care products for hair skin and sun. The business offers various formulations for hair growth, dandruff control, and hair repair. Skin care items include cleansers, moisturizers, serums, and body washes designed for specific concerns such as acne, pigmentation, and exfoliation. Additionally, the inventory features sun protection products formulated for different skin types. These items are available for purchase through digital platforms.
Key facts about Innovist
- Founded Year: 2018
- Location: Gurugram (India)
- Stage: Acquired
- Total Funding till date: $19.2M
- Investors: 72 Ventures, Sauce and 51 Others
- Latest Funding Round: Series B, Apr 03, 2025, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 787 Competitors
5. BELLAVITA
Retailer of premium perfumes, skincare, and beauty products. The company offers a diverse range of fragrances, including luxury perfumes, attars, and oud collections, alongside a comprehensive selection of skincare and bath and body essentials. Their product line features items such as shower gels, soaps, lotions, and various cosmetic products designed for personal care. By focusing on high-quality formulations and accessible luxury, the brand provides a wide array of grooming and beauty solutions for men, women, and unisex preferences.
Key facts about BELLAVITA
- Founded Year: 2018
- Location: Gurugram (India)
- Stage: Series A
- Total Funding till date: $12.1M
- Investors: Ananta Capital, Coury International Ventures and 4 Others
- Latest Funding Round: Angel, Oct 13, 2026, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 193 Competitors
Companies founded year-on-year in the Beauty Tech sector in India
20 new startups have been founded so far in 2026 in the Beauty Tech sector in India. 333 Beauty Tech startups in India were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 20 |
2025 | 42 |
2024 | 150 |
2023 | 175 |
2022 | 238 |
2021 | 293 |
2020 | 333 |
2019 | 230 |
2018 | 173 |
2017 | 145 |
Stage-wise distribution of Beauty Tech sector companies in India
Out of the total 2,652 Beauty Tech companies in India, 317 have secured funding. Among them, 109 have reached Series A or higher, and 71 to Series B or beyond.
Founded - 2,652
Funded - 317
Series A+ - 109
Series B+ - 71
Series C+ - 61
Company Stage | No. of companies |
|---|---|
Founded | 2,652 |
Funded | 317 |
Series A+ | 109 |
Series B+ | 71 |
Series C+ | 61 |
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Funding Trends in the Beauty Tech sector in India
Total funding year-on-year in the Beauty Tech sector in India
The Beauty Tech sector in India saw a total funding of more than $2.96B in the last 10 years. The most amount of funding was in 2021 at more than $820M. There has been a total funding of $179M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $179M |
2025 | $166M |
2024 | $418M |
2023 | $200M |
2022 | $635M |
2021 | $820M |
2020 | $265M |
2019 | $195M |
2018 | $55.8M |
2017 | $28.2M |
Recent Funding Rounds in Beauty Tech in India
In the year 2026, till October 2026, Beauty Tech companies in India have raised $179M in equity funding across 59 rounds.
In the same period last year (i.e. till October 2025), Beauty Tech companies in India had raised $118M across 69 rounds.
So, 2026 has seen a 52.59% rise in funding in Beauty Tech companies in India as compared to 2025.
Here are some recent, important funding rounds in Beauty Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 6257 | Oct 28, 2026 | ||
Angel | 6247 | Oct 13, 2026 | and 1 more | |
Series D | 7433 | Oct 13, 2026 | ||
Series C | 2698 | Oct 10, 2026 | ||
Seed | 6285 | 2026 |
Top Investors in Beauty Tech in India
Unilever Ventures is the top investor in Beauty Tech companies in India based on number of companies invested.
Here are some top investors in Beauty Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | ||
Bengaluru (India) | ||
Delhi (India) | ||
Mumbai (India) | ||
Palo Alto (United States) |
M&A activity in Beauty Tech sector in India
In the year 2026, till September 2026, 8 acquisitions happened in Beauty Tech sector in India. Last year, in 2025, a total of 4 acquisitions happened in Beauty Tech sector in India.
Here are some recent, important acquisitions in Beauty Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 23, 2026 | ||
Business Acquisition | Aug 18, 2026 | ||
Business Acquisition | Aug 04, 2026 | ||
Business Acquisition | Jul 15, 2026 | ||
Business Acquisition | Jul 02, 2026 |
Acquisition trends in Beauty Tech sector in India
Here are the acquisition trends in Beauty Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 8 |
2025 | 4 |
2024 | 4 |
2023 | 1 |
2022 | 4 |
2021 | 8 |
2020 | 1 |
2019 | - |
2018 | - |
2017 | 3 |
IPOs in Beauty Tech in India
In the year 2026, till May 2026, 1 IPO happened in Beauty Tech sector in India.
Here are some recent, important IPOs in Beauty Tech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
May 12, 2026 | Bombay Stock Exchange (BSE) | |
Dec 08, 2025 | Bombay Stock Exchange (BSE) | |
Nov 07, 2023 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Nov 10, 2021 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) |
Colleges which produce the most Beauty Tech companies in India
Companies founded by alumni from top colleges in the Beauty Tech in India
Most number of Beauty Tech startups in India have been founded by alumni from IIT Delhi, Indian School of Business and IIT Kharagpur.
College | No. of companies |
|---|---|
IIT Delhi | 24 |
Indian School of Business | 21 |
IIT Kharagpur | 19 |
BITS Pilani | 18 |
IIM Ahmedabad | 18 |
IIT Bombay | 14 |
Harvard Business School | 11 |
IIM Bangalore | 10 |
IIT Roorkee | 10 |
INSEAD | 7 |
Total funding in Beauty Tech companies founded by alumni from top colleges in India
In the last 10 years, IIM Ahmedabad graduates' Beauty Tech companies in India have raised the most funding among top colleges. IIT Kharagpur alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
IIM Ahmedabad | $816M |
IIT Kharagpur | $694M |
IIT Delhi | $597M |
Harvard Business School | $489M |
Harvard University | $480M |
Yale University | $477M |
London Business School (LBS) | $462M |
IIT Madras | $448M |
Columbia University | $394M |
Columbia Business School | $388M |
Top News in Beauty Tech in India
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Brillare Launches Rosemary Oil Shots with 20% Rosemary for Scalp CarePunekar News•Oct 08, 2026•Brillare
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Dot & Key Expands Moisturiser Range With New Dragon Fruit Bounce Jelly MoisturiserThe Tribune•Sep 15, 2026•Dot & Key
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Phitku Launches Mouth Paste, Expanding into Oral Care with 'Eliminate. Don't Mask.' PhilosophyThe Tribune•Aug 27, 2026•Phitku
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Dot & Key Skincare Launches India's First 15-Shade Tinted Sunscreen RangeThe Tribune•Aug 25, 2026•Dot & Key
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HUL-owned Minimalist's FY26 revenue jumps 36% to Rs 690 crore; PAT turns positiveMoneycontrol•Aug 17, 2026•Minimalist
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Dot & Key Upgrades Sunscreen Portfolio with New-Age Photostable UV FiltersThe Tribune•May 07, 2026•Dot & Key
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