Get All Access for $5/mo

Innovist Raises $3.5 Million In Pre-Series A Funding The company will use the fund to bolster its R&D capabilities, marketing, hiring and distribution channels

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Onesto Labs, rebranded as Innovist, has raised $3.5 million in pre-Series A funding round led by Accel Partners and 72 Ventures. The round also witnessed participation from Kunal Shah (CRED), Jani Ventures Inc, Nihir Parikh, Rashmi Kwatra (Sixteen Street Capital) among others. The company will use the fund to bolster its R&D capabilities, marketing, hiring and distribution channels.

"We are grateful to our investors for their renewed faith in us and for always staying aligned with our vision. Their unrelenting support has helped to lay a strong foundation upon which our success is built. With the new capital, we are confident that we can bolster our infrastructure substantially and grow further," said Rohit Chawla, founder and CEO, Innovist.

"Innovist is a brand that entirely driven by science, with safe and clean ingredients and is anchored on transparency. Both as an investor and a power user, I love the efficacy and personalization of the skin and hair care products they offer. From a business standpoint, a vertical house of brands enables us to extract the best possible value from demand and supply by innovating high-quality products while managing cost and operational efficiencies," said Radhika Ananth, vice president, Accel Partners.

Founded in 2018 by Rohit Chawla, Sifat Khurana and Vimal Bhola, Innovist is on a mission to revolutionize the personal care and beauty industry with products that are science-first in approach. Innovist's brands Bare Anatomy, Chemist at Play and SunScoop sell beauty and personal care products designed with ingredients that have proven efficacy and are backed by scientific research, claimed by the brand in a statement.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Growing a Business

How to Spot Trends and Anticipate Market Shifts Before Your Competition

Discover how to identify disruptive trends before your competitors by mastering the art of anticipating market shifts. Learn strategies for staying ahead and gaining a competitive edge in business.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

Leadership

As a Leader, Take These 5 Steps to Bridge the Gap Between Innovation and Execution

Companies that want to turn ideas into action must align their people and listen to their customers.