Onesto Labs, rebranded as Innovist, the parent company of Gurgaon-based D2C hair brand Bare Anatomy, Chemist at Play, and SunScoop, has raised $3.5 million in its pre-Series A round led by existing investors Accel Partners and 72 Ventures.
Sauce (Manu Chandra) & Arihant Patni (Patni Family Office) and new investors Jani Ventures Inc, Nihir Parikh, Rashmi Kwatra (Sixteen Street Capital), Kunal Shah (Cred), Alok Mittal, and Shripad Nadkarni (Maverix Platforms & Fingerlix) also participated.
Innovist will use the freshly infused capital to strengthen the startup’s R&D, marketing, hiring, and distribution channels.
Founded in 2018 by Rohit Chawla, Sifat Khurana, and Vimal Bhola, Innovist’s brands Bare Anatomy, Chemist at Play, and SunScoop sell beauty and personal care products. These products are sold on their website, e-commerce platforms and retail locations.
Innovist recently received an investment in its nutraceuticals brand Nudge from Nykaa. Onesto Labs was also part of Accel’s Atoms first cohort, launched last year to support early-stage startups.