Company lists
The Mumbai edition · 2026

Beauty techcompanies in Mumbai

Beauty retailers, beauty brands, salon & spa booking, salon software, AR & AI beauty tech and more: the companies building beauty tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

301 company profiles120 with reported revenue41 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent beauty tech business events in Mumbai

Funding, M&A, contract wins and launches involving 382 beauty tech companies in Mumbai, last 24 months: 17 funding rounds · 13 M&A deals · 10 launches · 4 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

M&AAcquisition · Announced

Nykaa acquires Dot & Key skincare

The company has been actively pursuing a House of Nykaa strategy through strategic acquisitions, such as Nudge Wellness, Dot & Key skincare and Earth Rhythm.

Beauty and fashion retailer
M&AAcquisition · Announced

Nykaa acquires Nudge Wellness

Nykaa has already acquired brands like Nudge Wellness and Dot & Key skincare to enhance its portfolio in the beauty retail space.

Wellness
M&AAcquisition · Announced

Reliance retail acquires Pahadi local

Reliance Retail Limited has acquired the brand Pahadi Local along with its business from Pahadi Goodness Private Limited.

Skincare and Wellness
LaunchMedicube

Tira

Reliance Retail's beauty platform Tira has launched the popular Korean skincare brand Medicube in India.

Skincare
M&AAcquisition · Completed

Godrej consumer products acquires Muuchstac

Godrej Consumer Products last year bought men's grooming brand Muuchstac for about 4.5 billion rupees ($49 million).

Men's grooming brand
M&AAcquisition

Godrej Consumer acquires Muuchstac

Last year, Godrej Consumer acquired men’s grooming brand Muuchstac for about Rs 450 crore via a slump sale from Trilogy Solutions.

FMCG
Funding

Fae beauty

At least seven startups — including Moxie, Skininspired, Conscious Chemist, Fae Beauty, Krieya, Antinorm and Secret Alchemist — have closed funding rounds between November and January

LaunchHince by K-Beauty

Tira

Reliance Retail’s omnichannel beauty business Tira has exclusively launched the South Korean makeup brand Hince by K-Beauty in India, strengthening its global product lineup.

Makeup
M&AAcquisition · Announced

Mamaearth acquires Fang Oral Care

Earlier this year, it also signed an agreement to secure a 25% stake in Fang Oral Care for INR 10 Cr.

M&AAcquisition · Completed

Godrej consumer products acquires Muuchstac

Earlier this year, Godrej Consumer Products Ltd (GCPL) completed its acquisition of men’s grooming brand Muuchstac in a `450-crore deal.

Funding

Muuchstac

Godrej Consumer Products’ Rs 450 crore acquisition of Muuchstac last month was less about traditional grooming and more about nudging men up the value chain from soap to facial cleansers.

Funding

Fae beauty

FAE Beauty has raised Rs 17 crore (approximately $2 million) in fresh capital, with Spring Marketing Capital leading the round. Existing investors—including Titan Capital, Winners Fund,…

Investors Spring marketing capital, Titan capital, Winners Fund, Arihant Patni
Color cosmetics
Funding

Fang Oral Care

Fang Oral Care has raised ₹10 crore in funding from Honasa Consumer Ltd., the parent company behind brands such as Mamaearth, The Derma Co., and Aqualogica, the Mumbai-based startup…

Investors Honasa consumer
Oral care
M&AAcquisition · Announced

Honasa consumer acquires Fang oral

The beauty and personal care company has acquired a minority stake for ₹10 crore in oral care brand Fang Oral (operated by Couch Commerce Pvt Ltd) to expand its presence in the category…

Oral Care
Funding

Purplle

Purplle: Invested $8 million in 2020, currently holds nearly 14%

ContractInfrastructure

Enzyme Office Spaces · client: Sugar cosmetics

In early 2025, SUGAR Cosmetics leased a 14,000 sq ft space comprising 300 seats at Enzyme’s Andheri East centre in Mumbai.

Real Estate/Office Space
FundingSeed

Luzo

With the help of Swiggy Dineout and Orra founders, LUZO, a digital marketplace for salons, spas, and wellness clinics, has raised $550K in a seed funding round led by Enrission India…

Investors Enrission India Capital
Wellness & beauty
FundingPre-Series A

Salt oral care

Lotus Holdings (Lotus Herbals Family Office) has invested $1 million in the oral wellness company Salt Oral Care’s Pre-Series A funding round.

Investors Lotus holdings
Oral Care
M&AAcquisition · Completed

Reliance retail acquires Pahadi local

Reliance Retail, the country's largest retailer, on Monday announced that it has acquired Pahadi Local, a beauty and wellness brand known for its nature-led, Himalayan-inspired…

Beauty and Wellness
FundingD2C equity

Pilgrim

Meanwhile, D2C beauty and personal care brand Pilgrim secured $23 million funding.

Investors Na
Beauty & Personal Care
LaunchORBO

Orbo

ORBO helps beauty brands, personal care retailers, and salons achieve customer loyalty, stickiness, and double-digit conversions through AI solutions for visual try-on and personalisation.

Beauty AI
Funding

Foxtale

Neuberg Diagnostics, Aragen, and Foxtale reported the biggest funding rounds in January 2025, raising $110 million, $100 million and $30 million respectively.

Investors Fireside ventures, Unicom India Ventures, Equanimity Investments
Pharma and Healthcare
FundingPre-series C

Nua

Nua, a women's wellness and hygiene brand has raised Rs 35 crore funding in a pre-series C round led by Mirabilis Investment Trust.

Investors Mirabilis Investment Trust, Samir Singh, EVP - Asia, Colgate Palmolive & Former Chair of Unilever SE Asia, Shuchi Kothari, Head of DSP Family Office and SRF Limited, Lightbox VC
Women's wellness
FundingSeries A1

Scentials

D2C wellness startup Scentials has raised Rs 34.6 crore (approximately $4 million) in a mix of debt and equity led by Indus Way Emerging Market Fund with the participation of TIW Private…

Investors Indus Way Emerging Market Fund, Tiw private equity
Wellness, Deodorant, Fragrances, Skincare
Funding

Sugar cosmetics

Mumbai-based Sugar Cosmetics, a direct-to-consumer beauty brand, has raised INR 38 crore ($4.5 million) in a fresh funding round, led by existing investors such as Anicut Equity…

Investors Anicut Equity Continuum Fund, Elevation capital, Malabar Investment, L catterton
Beauty, cosmetics

Beauty tech companies in Mumbai, by revenue

Browse beauty tech companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 120 beauty tech companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels

Beauty tech
₹7,977.08 crFY 2024-25
+24%2024–2025
1,253recorded
14 yr2012
—No postings tracked

Brand of beauty and cosmetic products

Beauty tech
₹1,409.33 crFY 2024-25
+94%2024–2025
1,908+30% 12 mo to Sep 2024LinkedIn · Oct 2026
14 yr2012
1postings · last posted Sep 2026

Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

Beauty & personal care products
₹989.99 crFY 2024-25
Not reported
—Not available
40 yr1986
0none in 3 months

Internet-first brand offering multi-category color cosmetic products and accessories

Beauty tech
₹428.36 crFY 2022-23
Not reported
1,690+6% 12 mo to Sep 2024LinkedIn · Oct 2026
14 yr2012
0none in 3 months

Provider of a range of natural and innovative skincare products

Beauty & personal care products
₹413.95 crFY 2023-24
Not reported
9LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Online brand offering multi-category natural beauty care products

Beauty & personal care products
₹417.73 crFY 2024-25
+104%2024–2025
620+283% 12 mo to Jul 2024LinkedIn · Oct 2026
7 yr2019
0none in 3 months

Online platform for beauty discovery and subscription

Beauty tech
₹411.71 crFY 2024-25
-20%2024–2025
17+1% 12 mo to Jul 2024LinkedIn · Oct 2026
14 yr2012
0none in 3 months

Internet first brand offering hair-care products

Beauty tech
₹264.75 crFY 2024-25
+3%2024–2025
147-10% 12 mo to May 2020recorded May 2020
9 yr2017
0none in 3 months

Online retailer of caffeinated skin and hair care products

Beauty & personal care products
₹239.22 crFY 2024-25
Not reported
320-49% 12 mo to Sep 2024LinkedIn · Oct 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Internet first brand offering organic coffee-based skin care products

Beauty tech
₹210.11 crFY 2022-23
Not reported
189-49% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
—No postings tracked

Online brand of skincare, face, lip, body care, and perfume products

Beauty & personal care products
₹206.22 crFY 2024-25
+144%2024–2025
333+5% 12 mo to Sep 2024LinkedIn · Oct 2026
5 yr2021
0none in 3 months · last posted Jul 2026

Platform for booking at-home skin and orthodontic services

Healthcare booking platforms
₹174.58 crFY 2022-23
Not reported
1,050-28% 12 mo to Jul 2024recorded Jul 2024
9 yr2017
1postings · last posted Sep 2026

Internet first brand offering color cosmetics

Beauty tech
₹174.90 crFY 2024-25
+117%2024–2025
—Not available
5 yr2021
0none in 3 months

Internet first brand offering multi-category makeup products

Beauty tech
₹132.39 crFY 2024-25
+50%2024–2025
—Not available
7 yr2019
0none in 3 months

Retailer of Korean skincare and beauty products

Beauty tech
₹100.99 crFY 2024-25
+40%2024–2025
4+36% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of sanitary pads, period care, and skincare products

Beauty tech
₹96.05 crFY 2024-25
+100%2024–2025
259+20% 12 mo to Sep 2024LinkedIn · Oct 2026
9 yr2017
0none in 3 months

Manufacturer of salon-approved keratin protein haircare products

Beauty tech
₹87.14 crFY 2023-24
Not reported
69+0% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Retailer of skincare and cosmetic products sourced from international brands

Beauty tech
₹86.40 crFY 2023-24
+178%2023–2024
23LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jul 2026

Internet-first brand offering multi-category skin care products

Beauty tech
₹87.23 crFY 2024-25
+74%2024–2025
—Not available
5 yr2021
0none in 3 months

Internet first brand offering multi-category makeup products

Beauty tech
₹84.58 crFY 2024-25
+57%2024–2025
74LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jul 2026

Internet first brand offering organic beauty products

Beauty tech
₹63.91 crFY 2024-25
+57%2024–2025
125+2% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months · last posted Jul 2026

Provider of hair care products and salon treatments

Beauty tech
₹59.03 crFY 2024-25
+12%2024–2025
133+181% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Brand of gender-neutral sexual wellness products

Beauty & personal care products
₹53.95 crFY 2024-25
+49%2024–2025
44LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jan 2026

Retailer of skincare, lip care, makeup, hair care, perfume, and bath and body products

Beauty tech
₹53.22 crFY 2024-25
+58%2024–2025
95+54% 12 mo to Jul 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Online retailer of skincare, haircare, and bodycare products

Beauty tech
₹37.28 crFY 2024-25
+288%2024–2025
—Not available
5 yr2021
0none in 3 months
50 of 301 companies shown here · the full list is on Radar
Fliar Radar

Explore all 301 beauty tech companies in Mumbai on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open beauty tech in Mumbai on Radar
  • Every company, not just 50All 301 beauty tech companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore beauty tech companies in Mumbai by what you are looking for

Discover beauty tech companies in Mumbai, from online beauty retailers and internet-first brands to salon software and AR try-on providers. Browse beauty tech startups in Mumbai and beauty industry companies by product or service.

8 ways to explore beauty tech in Mumbai

Online beauty & cosmetics retailersBeauty & personal care brandsSalon, spa & at-home beauty service platformsSalon & spa management softwareAR, AI & virtual try-on beauty technologyBeauty content platforms & wellness brands

Online beauty & cosmetics retailers

Online stores and marketplaces selling makeup, skincare, haircare and fragrances.

  1. Nykaa

    Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels

    Beauty tech
    See in list
  2. Purplle

    Brand of beauty and cosmetic products

    Beauty tech
    See in list
  3. Faces

    Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

    Beauty & personal care products
    See in list
  4. FAB BAG

    Online platform for beauty discovery and subscription

    Beauty tech
    See in list
  5. MCaffeine

    Online retailer of caffeinated skin and hair care products

    Beauty & personal care products
    See in list

Beauty & personal care brands

Internet-first brands making skin care, hair care, colour cosmetics and grooming products.

  1. Faces

    Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

    Beauty & personal care products
    See in list
  2. SUGAR Cosmetics

    Internet-first brand offering multi-category color cosmetic products and accessories

    Beauty tech
    See in list
  3. HipHop Skin Care

    Provider of a range of natural and innovative skincare products

    Beauty & personal care products
    See in list
  4. Pilgrim

    Online brand offering multi-category natural beauty care products

    Beauty & personal care products
    See in list
  5. MCaffeine

    Online retailer of caffeinated skin and hair care products

    Beauty & personal care products
    See in list

Salon, spa & at-home beauty service platforms

Platforms for booking salon, spa and at-home beauty and wellness services.

  1. MakeO

    Platform for booking at-home skin and orthodontic services

    Healthcare booking platforms
    See in list
  2. LUZO

    Online platform offering curated bookings and exclusive offers for premium salons, spas, and clinics

    Beauty tech
    See in list
  3. Wellnessta

    Operator of a platform for booking salon and spa appointments

    Beauty tech
    Website
  4. skinnsi

    Provider of at-home dermatologist services

    Local services
    Website
  5. Pamper

    Online portal to book beauty services at home

    Beauty tech
    Website

Salon & spa management software

Software for running salons and spas, including bookings and billing.

  1. Orbo

    AI-powered visual intelligence solutions for the beauty and personal care sector

    Artificial intelligence
    Website
  2. Salonspa

    Online Salon and Spa management system

    Beauty tech
    Website
  3. Supertouch.ai

    Platform offering beauty AI solutions

    Beauty tech
    Website
  4. Salon supremo

    Provider of salon management software

    Sme business management software
    Website
  5. Shortkuts

    Provider of suite solutions for beauty salons

    Sme business management software
    Website

AR, AI & virtual try-on beauty technology

Companies building augmented reality, computer vision and AI tools for beauty and retail.

  1. Orbo

    AI-powered visual intelligence solutions for the beauty and personal care sector

    Artificial intelligence
    Website
  2. GlamAR

    It offers 3D, AR, and VR solutions for retail and e-commerce

    3d animation
    Website
  3. Supertouch.ai

    Platform offering beauty AI solutions

    Beauty tech
    Website
  4. Koza

    Retailer of salon supplies, furniture, equipment, and beauty products

    Beauty tech
    Website
  5. Salonspa

    Online Salon and Spa management system

    Beauty tech
    Website

Beauty content platforms & wellness brands

Beauty advice platforms plus men's and women's wellness and nutrition brands.

  1. Avni Wellness

    Avni Wellness is a holistic women’s wellness consumer brand solving for different life stages from menarche to menopause. We have a range of science backed, clean label products to take care of nutrition and hygiene requirements.

    Beauty tech
    Website
  2. Man Matters

    Online retailer of men’s wellness, grooming, nutrition and telehealth products

    Beauty & personal care products
    Website
  3. Be Bodywise

    Online brand offering multi-category beauty, health, and wellness products

    Nutraceuticals tech
    Website
  4. HairStylo

    Hairstyle & hair care advice platform

    Beauty tech
    Website
  5. Zeel

    Online platform offering shoppable video reviews by experts and other shoppers

    Beauty tech
    Website

Beauty tech startups in Mumbai

Recently founded beauty tech startups in Mumbai.

  1. Foxtale

    Online brand of skincare, face, lip, body care, and perfume products

    Beauty & personal care products
    See in list
  2. Character Cosmetics

    Internet first brand offering color cosmetics

    Beauty tech
    See in list
  3. Peach and Musk

    Online retailer of skincare, haircare, and bodycare products

    Beauty tech
    See in list
  4. Clayco

    Platform offering skincare products

    Beauty tech
    See in list
  5. Auric

    Provider of makeup and skincare products

    Beauty tech
    See in list
51 companies in Mumbai

Beauty tech companies hiring in Mumbai

Beauty tech companies in Mumbai that are currently hiring.

  1. Purplle

    Brand of beauty and cosmetic products

    Beauty tech
    See in list
  2. MCaffeine

    Online retailer of caffeinated skin and hair care products

    Beauty & personal care products
    See in list
  3. Foxtale

    Online brand of skincare, face, lip, body care, and perfume products

    Beauty & personal care products
    See in list
  4. MakeO

    Platform for booking at-home skin and orthodontic services

    Healthcare booking platforms
    See in list
  5. Limese

    Retailer of skincare and cosmetic products sourced from international brands

    Beauty tech
    See in list
19 companies in Mumbai
Mobile reach

Top 10 beauty tech apps from Mumbai

The most-installed Android apps published by beauty tech companies headquartered in Mumbai — 120.5M installs between them. 22 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Purplle Online Beauty Shopping

by Purplle

Installs86.8M
Rating3.58347K ratings
Installs, year on year+41%
Last updatedMay 2026
View on Google Play ↗
Purplle Online Beauty Shopping screenshot 1Purplle Online Beauty Shopping screenshot 2Purplle Online Beauty Shopping screenshot 3Purplle Online Beauty Shopping screenshot 4Purplle Online Beauty Shopping screenshot 5Purplle Online Beauty Shopping screenshot 6
2

Tira: Online Beauty Shopping

by Tira

Installs19.2M
Rating4.339K ratings
Last updatedJun 2026
View on Google Play ↗
Tira: Online Beauty Shopping screenshot 1Tira: Online Beauty Shopping screenshot 2Tira: Online Beauty Shopping screenshot 3Tira: Online Beauty Shopping screenshot 4Tira: Online Beauty Shopping screenshot 5Tira: Online Beauty Shopping screenshot 6
3

Man Matters: Hair, Beard, Skin

by Man Matters

Installs5.9M
Rating4.5974K ratings
Installs, year on year+31%
Last updatedMay 2026
View on Google Play ↗
Man Matters: Hair, Beard, Skin screenshot 1Man Matters: Hair, Beard, Skin screenshot 2Man Matters: Hair, Beard, Skin screenshot 3Man Matters: Hair, Beard, Skin screenshot 4Man Matters: Hair, Beard, Skin screenshot 5Man Matters: Hair, Beard, Skin screenshot 6
4

mCaffeine: Natural Skin Care

by MCaffeine

Installs2.6M
Rating4.853K ratings
Installs, year on year+72%
Last updatedMay 2026
View on Google Play ↗
mCaffeine: Natural Skin Care screenshot 1mCaffeine: Natural Skin Care screenshot 2mCaffeine: Natural Skin Care screenshot 3mCaffeine: Natural Skin Care screenshot 4mCaffeine: Natural Skin Care screenshot 5mCaffeine: Natural Skin Care screenshot 6
5

Pilgrim India

by Pilgrim

Installs2.4M
Rating—
Last updatedApr 2026
View on Google Play ↗
Pilgrim India screenshot 1Pilgrim India screenshot 2Pilgrim India screenshot 3Pilgrim India screenshot 4Pilgrim India screenshot 5Pilgrim India screenshot 6
6

Be Bodywise Women's Health App

by Be Bodywise

Installs2.1M
Rating4.9315K ratings
Installs, year on year+47%
Last updatedMay 2026
View on Google Play ↗
Be Bodywise Women's Health App screenshot 1Be Bodywise Women's Health App screenshot 2
7

Foxtale

by Foxtale

Installs905K
Rating—
Installs, year on year+500%
Last updatedMay 2026
View on Google Play ↗
Foxtale screenshot 1Foxtale screenshot 2Foxtale screenshot 3Foxtale screenshot 4Foxtale screenshot 5
8

LUZO: Book Salons, Spa, Clinic

by LUZO

Installs380K
Rating—
Installs, year on year+80%
Last updatedApr 2026
View on Google Play ↗
LUZO: Book Salons, Spa, Clinic screenshot 1LUZO: Book Salons, Spa, Clinic screenshot 2LUZO: Book Salons, Spa, Clinic screenshot 3LUZO: Book Salons, Spa, Clinic screenshot 4LUZO: Book Salons, Spa, Clinic screenshot 5
9

Woloo

by Woloo

Installs76K
Rating—
Last updatedMay 2026
View on Google Play ↗
Woloo screenshot 1Woloo screenshot 2Woloo screenshot 3Woloo screenshot 4Woloo screenshot 5
10

GlamGuider: Decode Beauty

by GlamGuider

Installs47K
Rating—
Last updatedMay 2026
View on Google Play ↗
GlamGuider: Decode Beauty screenshot 1GlamGuider: Decode Beauty screenshot 2GlamGuider: Decode Beauty screenshot 3GlamGuider: Decode Beauty screenshot 4GlamGuider: Decode Beauty screenshot 5GlamGuider: Decode Beauty screenshot 6
The business behind the activity

Beauty tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 104 beauty tech companies in Mumbai, Maharashtra for FY24-25 — 131 of the 301 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 58% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,253.61 cr

104 companies filing accounts

combined net profit−₹502.56 cr

-8.0% aggregate margin

are profitable32%

33 of 104 companies

median revenue~₹3.6 cr

the typical company

median revenue growth+50%

into FY24-25

earned by the top five58%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,178.60 crFY19-2047 filers
₹1,490.02 crFY20-2165 filers
₹1,864.94 crFY21-2273 filers
₹2,549.36 crFY22-2386 filers
₹4,358.46 crFY23-24104 filers
₹6,253.61 crFY24-25104 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 74 companies over three years

+66%
FY22-23₹2,482.07 cr−₹767.78 cr net
FY23-24₹3,158.82 cr−₹602.84 cr net
FY24-25₹4,108.65 cr−₹404.78 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr3915% profitable
₹1–10 cr2322% profitable
₹10–100 cr2955% profitable
₹100–1,000 cr1250% profitable
Over ₹1,000 cr10% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking21
0–20%12
20–50%13
50–100%15
Doubled+29

90 companies with accounts for both years; median growth +50%.

Profitability

Profit is concentrated at the top

33profitable
71loss-making
-8.0%aggregate margin
-16%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
ClaycoCLAYCO COSMETICS PRIVATE LIMITED
Lyla BlancLYLA BLANC PRIVATE LIMITED
FAE BeautyFAE BEAUTY PRIVATE LIMITED
Leezu’sLITTLE BEAR WELLNESS VENTURES PRIVATE LIMITED
FoxtaleFOXTALE CONSUMER PRIVATE LIMITED+144%₹206.22 cr
Inde WildINDE WILD PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
PAC CosmeticsPAC COSMETICS PRIVATE LIMITED26.4%₹84.58 cr
Nish HairNISH HAIR PRIVATE LIMITED
Beauty GarageBEAUTY GARAGE LIMITED20.3%₹59.03 cr
RavelRAVELCARE LIMITED
NykaaFSN E-COMMERCE VENTURES LIMITED16.9%₹577.28 cr
d'youBRUNCH BEAUTY PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Beauty tech76₹4,298.89 cr~₹5.0 cr34%-5.6%
Beauty & personal care products26₹1,799.36 cr~₹2.7 cr27%-9.8%
Leaders

Largest beauty tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
KotexKimberly-clark India Private Limited₹1,097.82 cr−₹180.38 cr-1%
FacesMANASH E-COMMERCE PRIVATE LIMITED₹989.99 cr−₹22.26 cr-2.2%—
NykaaFSN E-COMMERCE VENTURES LIMITED₹577.28 cr₹97.36 cr16.9%+16%
PurplleMANASH LIFESTYLE PRIVATE LIMITED₹542.84 cr₹4.96 cr0.9%+20%
PilgrimHEAVENLY SECRETS PRIVATE LIMITED₹417.73 cr−₹68.75 cr-16.5%+104%
FAB BAGSUGAR BRANDS PRIVATE LIMITED₹404.92 cr−₹133.73 cr-33.0%-21%
Mcaffine.com, MCaffeinePEP TECHNOLOGIES PRIVATE LIMITED₹257.05 cr₹1.98 cr0.8%+27%
FoxtaleFOXTALE CONSUMER PRIVATE LIMITED₹206.22 cr−₹72.66 cr-35.2%+144%
Character CosmeticsFUTURE MAKEUP (INDIA) PRIVATE LIMITED₹174.90 cr₹6.89 cr3.9%+117%
LimeseLIMESE RETAIL PRIVATE LIMITED₹161.54 cr−₹10.94 cr-6.8%+47%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Beauty Tech and Salon Software Industry Landscape of India

The financials above are one chapter. The full beauty tech landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the beauty tech landscape of Mumbai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Beauty tech funding and M&A across India

642 recorded equity rounds have gone to 2,593 beauty tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months37

US$69.26m

equity rounds, last 24 months98

US$213.19m

raised over five yearsUS$1.86bn

441 rounds in India

M&A deals, Mumbai13

last 24 months

Capital by year

Equity funding into beauty tech in India

amount rounds
$73m201837
$122m201949
$90m202034
$692m202177
$440m2022108
$190m202385
$367m202482
$139m202562
$32m202627

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$691.96m across 77 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$19.63m85 rounds · median US$114k
SeedUS$167.88m215 rounds · median US$433k
Series AUS$426.34m78 rounds · median US$3.42m
Series BUS$162.57m25 rounds · median US$5.70m
Series CUS$340.32m19 rounds · median US$15.33m
Series D+US$744.45m19 rounds · median US$10.72m
Where the money went · five years

Most-funded sub-sectors

Beauty techUS$1.41bn262 rounds · 108 companies
Beauty & personal care productsUS$433.34m158 rounds · 66 companies
Continued learningUS$9.36m3 rounds · 1 companies
E-commerce enablersUS$6.46m3 rounds · 1 companies
Local servicesUS$3.27m3 rounds · 2 companies
Sports techUS$1.75m2 rounds · 1 companies
Artificial intelligenceUS$1.42m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in Mumbai

13Acquisition

Most active acquirers

  1. Nykaa4
  2. Godrej consumer products3
  3. Reliance retail2
  4. Honasa consumer2
  5. Godrej Consumer1

Most acquired or merged

  1. Muuchstac4
  2. Nudge Wellness2
  3. Pahadi local2
  4. Fang Oral Care2
  5. Dot & Key skincare1

Each deal appears in the events strip at the top of the page.

Beauty tech funding in Mumbai

41 beauty tech companies in Mumbai have recorded equity funding, US$924.78m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind beauty tech companies in Mumbai. 188 of 301 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai beauty tech companies by sub-sector

The most common specialisations among beauty tech companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring beauty tech in India and nearby markets.

Coming soon