About Devonne
Devonne was a Consumer company based in Los Angeles (United States) founded in 2014. It offers a proprietary line of high-quality, natural skincare products. It operates on a B2C model. The company has 1,036 employees. Its Indian entity Xiaomi Technology India Private Limited reported revenue of ₹25,984 Cr. The company is recorded as dissolved. Its focus areas include Consumer Goods, Beauty and Personal Care, Skincare and Natural Products. Its competitors include TULA, Kopari and PROVEN; 3 of its 3 listed competitors have raised funding.
Company details
Devonne, based in Los Angeles, focuses on producing consumer products, beauty and personal care, offering skincare products, and natural products. Offers a proprietary line of high-quality, natural skincare products. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Los Angeles, United States
- Employees 1,036
- SectorsConsumer
- Website devonnebydemi.com
- Social X Facebook
- Legal Name Xiaomi Technology India Private Limited
- Date of Incorporation 07 Oct, 2014
- Jurisdiction Bengaluru, Karnataka, India
- Indian entity revenue₹25,984 Cr
FY 2024 · -3% YoY
- Indian entity net profit₹288 Cr
FY 2024 · 1% margin
- Indian entity EBITDA₹544 Cr
FY 2024 · 2% margin
- Employee Count1,036
Associated legal entities of Devonne
Devonne operates through Xiaomi Technology India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xiaomi Technology India Private Limited CIN U72200KA2014FTC076704 | Active | 07 Oct 2014 | Bengaluru, Karnataka | ₹25,984 Cr | 1,036 | 2 | View details |
Board of directors of Xiaomi Technology India Private Limited (Devonne)
Xiaomi Technology India Private Limited is the primary company behind Devonne. The board of Xiaomi Technology India Private Limited currently have 2 directors; the longest-serving is Varun Sabhash Madan, appointed in 2024. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varun Sabhash Madan DIN 10785314 | Director | 30 Sep 2024 | 2 yrs | Xiaomi Technology India Private Limited |
| Sudhin Mathur DIN 03474713 | Director | 21 Jan 2025 | 1 yr 9 mo | Xiaomi Technology India Private Limited |
Financials of Devonne
Figures of Xiaomi Technology India Private Limited, the primary company behind Devonne, for FY 2024. Revenue was ₹25,984 Cr (-3% year on year). Net profit was ₹288 Cr (1% margin). EBITDA was ₹544 Cr (2% margin). Revenue has grown at a compounded annual rate of -10% over three years and -6% over five years.
- ₹25,984 CrRevenue · FY 2024 · -3% YoY
- ₹288 CrNet profit · 1% margin
- ₹544 CrEBITDA · 2% margin
- ₹2.1 LakhPaid-up capital
- 1,036Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- -6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Xiaomi Technology India Private Limited are on its company page.
Detailed financial statements for Devonne
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Devonne
Devonne has 3 listed competitors in our database, 3 of them funded. They include TULA, Kopari and PROVEN.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tula.com | 2014 | New York, United States | $12.66M | Private label skincare products for women are offered by TULA. | ||
| koparibeauty.com | 2015 | San Diego, United States | $35.03M | 31 | Internet-first brand offering skincare and body care products | |
| provenskincare.com | 2005 | San Francisco, United States | $23.32M | Customized skin care products are provided via an online platform. |
Detailed competitors of Devonne
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Beauty & Personal Care Products
3 companies that operate in the same segment as Devonne (Beauty & Personal Care Products) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
3M is recognized as a global leader in industrial innovation. | 1902 | United States | USD 24.95 B | 74 | ||
Provider of FMCG conglomerate products | 1837 | United States | USD 457.23 M | 923 | ||
Subscription-based men's grooming products are provided by Harry's. | 2012 | New York, New York, United States | USD 755.88 M | 431 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Devonne
Complete news archive for Devonne
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Devonne
Devonne was founded in 2014.
Devonne is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Devonne has 1,036 employees.
The primary company behind Devonne, Xiaomi Technology India Private Limited, reported revenue of ₹25,984 Cr for FY 2024, down 3% year on year.
Devonne, based in Los Angeles, focuses on producing consumer products, beauty and personal care, offering skincare products, and natural products. Offers a proprietary line of high-quality, natural skincare products. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Devonne operates through Xiaomi Technology India Private Limited.
The legal entities of Devonne currently have 2 directors, including Varun Sabhash Madan, Sudhin Mathur.