About Innovist
Innovist is a company based in Gurugram (India) founded in 2019 by Vimal Bhola, Sifat Khurana, and Rohit Chawla was acquired by L'Oréal in June 2026. Innovist has raised $29.47 million across 6 funding rounds from investors including Amazon, L'Oréal and Accel. 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
Locked
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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
& 50 more
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Employee Count
180
as on Apr 09, 2024
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Acquired by
L'Oréal
(Jun 18, 2026)
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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.
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.
Investors in Innovist
Innovist has secured backing from 51 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amazon, L'Oréal and Accel.
| Investor | Description | Founded Year | Domain | Location |
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Alternative asset management and investment services in India.
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Single family office of K Dinesh, co-founder of Infosys
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Venture capital fund investing in early-stage consumer brand sectors
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Investor details for Innovist
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Innovist
Investment portfolio details for Innovist
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Verified entity values are shown only after access is granted.
Financial Statements - Innovist
Detailed financials for Innovist
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Innovist Comparisons
Peer comparison for Innovist
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- Named peers
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online brand offering multi-category natural skin care and makeup products
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Online platform selling beauty products, makeup, skincare, and cosmetics in India.
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Manufacturer of skincare, haircare, and baby care products addressing various skin and hair concerns
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Organic beauty products are offered by an internet-first brand.
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Vegan skincare, haircare, and body care products are provided.
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Multi-category skincare products are offered through an online platform.
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Detailed competitors of Innovist
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Innovist
Complete news archive for Innovist
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Frequently Asked Questions about Innovist
Innovist was founded in 2019.
Innovist is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Rohit Chawla is the current CEO of Innovist. They have also founded this company.
Innovist is a funded company, having raised a total of $29.47M across 6 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Innovist is 180.
Annual revenue of Innovist is $4.73M as on Mar 31, 2023.
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.
Innovist's top competitors include MyGlamm, Mamaearth and Deconstruct.
Innovist offers Anti Dandruff Shampoo, Advanced Hair Growth Serum, Underarm Roll On, Exfoliating Body Wash, and Hydrating Fluid Sunscreen.
Innovist has 51 investors. Key investors include Amazon, L'Oréal, Accel, ICICI Venture, and Patni Financial Advisors.
The valuation of Innovist is $143.42M as of Apr 2025.