About Innovist
Innovist is a company based in Gurugram (India) founded in 2019 by Vimal Bhola, Sifat Khurana, and Rohit Chawla.. Innovist has raised $29.47 million across 6 funding rounds from investors including Amazon, Accel and ICICI Venture. The company has 180 employees as of April 09, 2024. Innovist offers products and services including Anti Dandruff Shampoo, Advanced Hair Growth Serum, Underarm Roll On, Exfoliating Body Wash, and Hydrating Fluid Sunscreen. Innovist operates in a competitive market with competitors including Mamaearth, MyGlamm, Minimalist, WOW Skin Science and Plum, among others.
- Headquarter Gurugram, India
- Employees 180 as on 09 Apr, 2024
- Founders Vimal Bhola, Sifat Khurana, Rohit Chawla
- Stage Minicorn
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Sectors
ConsumerHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Onesto Labs Private Limited
- Date of Incorporation 18 Oct, 2018
- Jurisdiction New Delhi, India
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Annual Revenue
$4.73 M (USD)225.9as on Mar 31, 2023
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Net Profit
$-2 M (USD)-54.1as on Mar 31, 2023
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EBITDA
$-2.38 M (USD)-152.13as on Mar 31, 2023
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Total Equity Funding
$29.47 M (USD)
in 6 rounds
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Latest Funding Round
$16 M (USD), Series B
Apr 03, 2025
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Investors
Amazon
& 49 more
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Employee Count
180
as on Apr 09, 2024
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Products & Services of Innovist
Innovist offers a comprehensive portfolio of products and services, including Anti Dandruff Shampoo, Advanced Hair Growth Serum, Underarm Roll On, Exfoliating Body Wash, and Hydrating Fluid Sunscreen. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Shampoo that reduces dandruff and treats itchy scalp effectively.
Serum promoting hair growth and reducing hair loss.
Roll-on for controlling odor and reducing pigmentation.
Wash that gently exfoliates and removes dead skin.
Sunscreen providing hydration and sun protection.
Funding Insights of Innovist
Innovist has successfully raised a total of $29.47M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $16.0M
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First Round
First Round
(31 Jul 2019)
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - Innovist | Valuation | ICICI Venture | |
| May, 2023 | Amount | Series A - Innovist | Valuation | ASVF | |
| Apr, 2022 | Amount | Seed - Innovist | Valuation | Accel , Point72 Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Innovist
Innovist has secured backing from 50 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amazon, Accel and ICICI Venture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Alternative asset management and investment services in India.
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Founded Year | Domain | Location | |
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Single family office of K Dinesh, co-founder of Infosys
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage consumer brand sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Innovist
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Innovist
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innovist Comparisons
Competitors of Innovist
Innovist operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mamaearth, MyGlamm, Minimalist, WOW Skin Science and Plum, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online brand offering multi-category natural skin care and makeup products
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| domain | founded_year | HQ Location |
Online platform selling beauty products, makeup, skincare, and cosmetics in India.
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| domain | founded_year | HQ Location |
Manufacturer of skincare, haircare, and baby care products addressing various skin and hair concerns
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| domain | founded_year | HQ Location |
Organic beauty products are offered by an internet-first brand.
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| domain | founded_year | HQ Location |
Vegan skincare, haircare, and body care products are provided.
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| domain | founded_year | HQ Location |
Multi-category skincare products are offered through an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innovist
Frequently Asked Questions about Innovist
When was Innovist founded?
Innovist was founded in 2019.
Where is Innovist located?
Innovist is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Innovist?
Rohit Chawla is the current CEO of Innovist. They have also founded this company.
Is Innovist a funded company?
Innovist is a funded company, having raised a total of $29.47M across 6 funding rounds to date. The company's 1st funding round was a Seed of $3.51M, raised on Jul 31, 2019.
How many employees does Innovist have?
As of Apr 09, 2024, the latest employee count at Innovist is 180.
What is the annual revenue of Innovist?
Annual revenue of Innovist is $4.73M as on Mar 31, 2023.
What does Innovist do?
Innovist was founded in 2019 in Gurugram, India, as an e-commerce platform in the beauty and skincare sector. Various products, including shampoos, hair masks, serums, face washes, toners, scrubs, and sunscreens, are provided at discounted prices. Operations focus on multi-category offerings for haircare, skincare, and suncare needs, serving customers through the domain innovist.com. Leadership includes co-founders Vimal Bhola, Sifat Khurana, and CEO Rohit Chawla.
Who are the top competitors of Innovist?
Innovist's top competitors include MyGlamm, Mamaearth and Deconstruct.
What products or services does Innovist offer?
Innovist offers Anti Dandruff Shampoo, Advanced Hair Growth Serum, Underarm Roll On, Exfoliating Body Wash, and Hydrating Fluid Sunscreen.
Who are Innovist's investors?
Innovist has 50 investors. Key investors include Amazon, Accel, ICICI Venture, Patni Financial Advisors, and Shiva Pharmachem.
What is Innovist's valuation?
The valuation of Innovist is $143.42M as of Apr 2025.