Cosmeto, a Mumbai-based organic skin products startup has raised ₹1 crore in funding from Risers Accelerators. The startup aims to use the funds for its product distribution pan-India.
“Our products are proudly free of paraben, animal by-products, silicon, mineral oils, toxins, alcohol, and other harsh cosmetic chemicals, and are safe to be tasted as well. Since they are made of almost 100 percent natural ingredients, you might mistake them for natural food because of their appearance and texture. And yes, they are all taste-able,” Himanshu Chadha, founder, Cosmeto Food Organic Pvt Ltd, said.
“Our products are based on our years of expertise. These offerings bring immense beautifying and healing effect for [glowing] skin without any side effects,” Himanshu added.
Cosmeto Food Organic Pvt Ltd, based out of Mumbai was started by Chadha in 2016. The company makes skin products from plant-derived and other natural ingredients. These ingredients are grown without the use of pesticides, herbicides, synthetic fertilisers, GMO and so on, and often come with an organic certification. The company is valued at ₹20 crore and has been operating across-India since its inception. It has also exported items to about 35 countries.
While, Risers Accelerator which is a Delhi-based company, aims to provide adequate financial, infrastructural, and knowledge support to potential startups. It is determined to add ₹3,00,000 crore to the country’s GDP by 2025. Basically, it is a startup accelerator-based firm.
Cosmeto claims that its products are made from ECOCERT-certified organic ingredients with tested and authenticated proven formulations.
“We have valued Cosmeto Food Organic at about Rs 20 crore, and are in talks with the promoters to invest seed capital. We will mentor them for distribution and digital marketing,” Pravin Khandelwal, leadership and motivation director, and Rachit Chawla, director, finance and technology, both from Risers Accelerator, said in a joint statement.
Adding on, Market Research Future (MRFR) reports suggests that the global natural and organic cosmetics market is predicted to touch $25,100 million by 2023.