Udaipur-based dermaceutical skincare brand SkinInspired has raised $2.9 million (around Rs 24 crore) in a Series A funding round led by Spring Marketing Capital, as it looks to scale product innovation and deepen its presence in India’s fast-growing clinical skincare market.
The round also saw participation from Lotus Herbals’ Beauty Innovation Fund and Arihant Patni of Patni Financial Advisors. Existing backer Unilever Ventures returned to invest in the company, reaffirming confidence in SkinInspired’s science-led approach and early traction.
The latest funding comes less than a year after the company raised Rs 12.25 crore (approximately $1.5 million) in a seed round in July 2024, which was also led by Unilever Ventures along with angel investors.
SkinInspired said the fresh capital will be deployed towards research and product innovation, brand building, and team expansion. The company also plans to widen its distribution footprint as it scales operations across India’s dermaceutical and prescription-led skincare segment.
Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired focuses on efficacy-first, clinically tested skincare formulations developed in close collaboration with dermatologists. The brand currently works with over 200 dermatologists and reports strong repeat usage across its product portfolio.
Dr. Agrawal said the company will continue to prioritise formulation quality, ingredient transparency, and clinical validation, while adhering to vegan and cruelty-free standards. The founders believe that growing consumer awareness around skin health and evidence-backed products is driving demand for dermaceutical brands over conventional cosmetic offerings.
SkinInspired is also backed by a group of prominent angel investors, including Arjun Vaidya, Ruchi Kohli, Chinmaya Goyal, Ana Kapur, Jivraj Singh Sachar, and Swapnil Sheth.
The funding underscores continued investor interest in India’s premium skincare and dermaceutical space, as brands that blend medical credibility with modern branding look to capture a larger share of the beauty and personal care market.
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