Naturis Cosmetics, a contract development and manufacturing organisation (CDMO) company in the beauty & personal care (BPC) space, raised Rs 100 crore in a maiden round of funding led by Sharrp Ventures.
The round also saw participation from Mirabilis Investment Trust, Anicut Capital and Niveshaay besides several angel investors.
Naturis Cosmetics will utilise this funding to expand its presence in the country, set a production in Vapi, Gujarat, R&D centre in Mumbai and experience centre in the NCR region.
Besides, it will also be utilised for expanding its team.
On the fund raise, Naturis Cosmetics co-founder & CEO Rahul Tandon said, “Our long-term vision is to build India’s leading ODM platform in the BPC space.
