Jun 16, 2022

Innovist raises $3.5Mn in Pre-Series A led by existing investors Accel Partners & 72 Ventures Onesto Labs, rebranded as Innovist, the parent company of Gurgaon- based D2C hair brand Bare Anatomy, Chemist at Play (India’s first ceramide-based skincare brand), and SunScoop (a sunscreen-only brand) has raised USD 3.5 million. The Pre-Series A fundingInnovist, the parent of personal care brands Bare Anatomy and Chemist at Play, raised $3.5 million in pre-series A led by Accel Partners and 72 Ventures where existing investors Manu Chandra from Sauce and Arihant Patni from Patni Family Office, and new investors including Jani Ventures Inc, Nihir Parikh, Rashmi Kwatra from Sixteen Street Capital, Kunal Shah from Cred, Alok Mittal from Indifi Technologies and Shripad Nadkarni from Maverix Platforms also participated. Innovist, formerly Onesto Labs, sells personal care products. Bare Anatomy, Chemist at Play, and SunScoop are its current brands. The funds will be used to strengthen R&D activities, hire talent across verticals, and strengthen marketing and distribution channels at Innovist. Innovist sells its products online through its website and ecommerce marketplaces. It has also partnered with a number of retail outlets to sell its products in-person.