Mila Beauté, a homegrown cosmetics brand, has raised $2.16 million (around Rs 18 crore) in its pre-Series A circular driven by Rukam Capital at a valuation of Rs 303 crore or $35.3 million.

The continues will be utilized for extension and research & development. It'll too contribute to modern item improvement, scaling operations, and extending its market presence.

Established by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers a run of magnificence items counting lipsticks, establishment, eyeliners, and more.

With items traversing all categories, Mila offers high-quality, innovative, skin-care-infused cosmetics that's free from all hurtful chemicals.

As of now, the startup claims that it is clocking yearly incomes of $7.23 million and is focusing on a 2x development within the following 12–18 months.

With a nearness at over 10,000 retail counters over India, Mila Beauté plans to twofold the number by the conclusion of the year.