New Delhi, March 3 -- RAS Luxury Skincare, a direct-to-consumer skincare brand, has secured $7.5 million (about Rs 69 crore) in Series B funding led by Dabur Ventures, the investment arm of the fast-moving consumer goods conglomerate Dabur Ltd.
Existing investor Unilever Ventures, the global corporate venture capital arm of Unilever, doubled down on its investment in the round, RAS Luxury said in a statement.
Dabur Ventures plans to invest Rs 60 crore in the company, the FMCG company said in a separate stock-exchange filing.
RAS Luxury said it plans to use the capital in accelerating the brand's omnichannel expansion across digital and offline retail formats, including its D2C platform, e-commerce and quick commerce marketplaces, exclusive brand outlets, partnerships with hotels and restaurants, and curated retail presence.
It will also use a part of the funds to strengthen its R&D capabilities, focusing on deepening active botanical science.
Raipur, Chhattisgarh-based RAS Luxury was founded in 2017 by sisters Shubhika Jain and Suramya Jain and their mother Sangeeta Jain. It claims to offer farm-to-face natural, high-performance luxury skincare products through a fully vertically integrated model. Its products include face elixirs, serums, moisturisers, skin tints, lip oils, and sunscreens among others, infused with essential oils and nature-derived actives.
"Shubhika and her team have built a unique skincare proposition that encapsulates natural, science and luxury in one place. The Indian luxury beauty segment is evolving fast and a category-defining brand like RAS is poised to be at the forefront of this evolution," said Abhinav Dhall, head of Dabur Ventures.
This is the first investment by Dabur Ventures, which was launched in October 2025 with a corpus of Rs 500 crore. The firm intends to invest in personal care, healthcare, wellness foods, beverages, and ayurveda segments.
The Series B funding comes about a year after RAS raised $5 million in a Series A funding round in January 2025, led by Unilever Ventures, with participation from Amazon's Smbhav Venture Fund. It also counts Sixth Sense Ventures and angel investors such as Keki Mistry's family among its backers.
RAS Luxury says it has focused on building a brand with clean, sustainable sourcing through its in-house R&D and manufacturing capability. It has grown about 75% annually in the last three years and has an annual recurring revenue rate of Rs 100 crore.
"This investment will enable us to accelerate our omnichannel presence, deepen our R&D capabilities, and invest in brand and team building, all in pursuit of our longer-term goal of making RAS a leading name in Indian luxury skincare, at home and globally," said Shubhika Jain.
Published by HT Digital Content Services with permission from VC Circle.