Ending Soon! Save 33% on All Access

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.


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.
News and Trends

CoverSure and CirclePe Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Business Models

How to Become an AI-Centric Business (and Why It's Crucial for Long-Term Success)

Learn the essential steps to integrate AI at the core of your operations and stay competitive in an ever-evolving landscape.


Get This Handy Color Sensor for $50 Through Memorial Day

Keep your business in touch with any color that inspires you.

Business News

'Creators Left So Much Money on the Table': Kickstarter's CEO Reveals the Story Behind the Company's Biggest Changes in 15 Years

In an interview with Entrepreneur, Kickstarter CEO Everette Taylor explains the decision-making behind the changes, how he approaches leading Kickstarter, and his advice for future CEOs.