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.

Related Topics

Business News

These Great-Grandparents Booked 51 Back-to-Back Cruises Because It's 'Cheaper Than a Retirement Home'

Retirees Marty and Jess Ansen hopped on a cruise ship nearly two years ago and never left.

Business Solutions

Upgrade to Windows 11 Pro for $29.97 Through October 15

If you are running a less-than-current OS, consider Improving performance with MS Windows 11 Pro.

Growing a Business

Want to Sound Smarter? This Stanford Professor's Simple 3-Point Technique Will Help

With a little structure, you can impress audiences with your ad-libbing all day.

Business News

A Woman Is Suing Disney World After Suffering 'Injurious' Waterslide Wedgie at Typhoon Lagoon

Emma McGuinness was going down the Humunga Kowabunga waterslide when the incident occurred.


It's a Great Time Make Money With a Podcast. Industry Experts Tell You How.

A panel of podcast experts outlines the most effective strategies for growing your audience and your revenue.

Business Models

Pros or Pretenders? How to Choose a Reliable PR Agency in 6 Steps

With a multitude of names vying for clients' attention, how can you be certain that you're selecting a dependable PR contractor?