Contract manufacturer Naturis Cosmetics secured Rs 100 crore in a funding round led by Sharrp Ventures, the company announced. The capital infusion aims to support Naturis Cosmetics' expansion plans and strengthen its manufacturing capabilities. The funding round closed recently, marking a significant milestone for the company in the contract manufacturing sector.
The Rs 100 crore funding round was spearheaded by Sharrp Ventures, with participation from other investors. Naturis Cosmetics, which specializes in contract manufacturing for the cosmetics industry, plans to utilize the funds to scale operations and enhance production infrastructure. The company’s leadership highlighted the strategic importance of this investment to meet rising demand and expand its client base.
This funding round positions Naturis Cosmetics among notable contract manufacturers attracting substantial investment in India’s growing beauty and personal care market. The Rs 100 crore raise is comparable to recent funding activities in the sector, reflecting investor confidence in contract manufacturing as a critical component of the cosmetics supply chain. Naturis Cosmetics aims to leverage this capital to capitalize on increasing outsourcing trends in the industry.
Naturis Cosmetics will deploy the funds to upgrade its manufacturing facilities and expand capacity to serve a broader set of clients. The company’s next operational update is expected in the coming quarters, when it will report on the impact of the investment on production volumes and client acquisitions, according to economictimes.indiatimes.com.