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L'Oréal in Talks to Acquire Indian D2C Beauty Startup Innovist for $350–$450 Million

By , News Editor5 min read
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L'Oréal in talks to acquire Indian beauty startup Innovist in major D2C deal

Global beauty giant L'Oréal is reportedly in advanced discussions to acquire a majority stake in Indian D2C beauty startup Innovist, valuing the company between $350 million and $450 million.

Key Facts

Key facts: L'Oréal in Talks to Acquire Indian D2C Beauty Startup Innovist for $350–$450 Million
DetailValue
Deal size$350
Valuation$350 million
HeadquartersGurugram, India
SectorLoreal
CoverageStartup News

Global beauty conglomerate L'Oreal is in advanced talks to acquire a majority stake in Innovist, the Gurugram-based D2C beauty and personal care startup behind popular brands like SkinKraft and Bare Anatomy.


Deal Overview


Key Details:

  • Estimated valuation: $350-$450 million
  • L'Oreal seeking majority stake acquisition
  • Deal expected to close in Q2 2026
  • Would be one of the largest D2C acquisitions in India

  • About Innovist


    Company Profile:

  • Founded in 2018 by Chaitanya Nallan and Veerendra Shivhare
  • Flagship brands: SkinKraft (personalized skincare), Bare Anatomy (haircare)
  • Revenue reportedly crossed Rs 500 crore in FY26
  • Profitable operations with strong unit economics

  • Strategic Significance


    For L'Oreal:

  • Deepens presence in India's fast-growing beauty market
  • Access to D2C distribution and digital-first customer base
  • Personalization technology and data-driven product development

  • For Innovist:

  • Global distribution and R&D capabilities
  • Brand elevation through L'Oreal's premium positioning
  • Access to international markets

  • India D2C Beauty Market


    The Indian beauty and personal care market is projected to reach $30 billion by 2028, driven by rising consumer spending, growing awareness, and the shift to online purchasing.


    *This potential acquisition underscores the growing attractiveness of Indian D2C brands to global corporations.*

    lorealinnovistacquisitiond2cbeautyskincraftbare anatomy

    Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

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