We're excited to see RAS Luxury Skincare close a $7.5 million Series B, led by Dabur Ventures with continued participation from Unilever Ventures — a strong signal of confidence in India's premium skincare category. The Raipur-based brand, founded in 2021 by Shubhika, Suramya and Sangeeta Jain, has built exactly the kind of defensible, vertically integrated model we look for: botanicals grown on family-owned farms, in-house R&D, and small-batch manufacturing feeding a portfolio of face elixirs, serums and moisturisers built on plant-based actives.
What stands out to us is the discipline behind the growth — a roughly 75% three-year revenue CAGR, an ARR nearing Rs 100 crore, and high gross margins, all achieved while scaling past 500,000 unique customers. With this round, RAS is positioned to deepen its omnichannel presence across D2C, e-commerce, quick commerce, EBOs, HORECA and premium retail, while investing further in brand-building and team expansion. We'll be watching closely as the brand moves into its next phase of growth.
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