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L’Oréal to Acquire a Majority Stake in Indian Beauty Startup Innovist

Published June 18, 2026
Published June 18, 2026
Innovist

Key Takeaways:  

  • This investment accelerates L’Oréal’s strategy to scale and lead in one of the world's fastest-growing beauty markets.
  • Innovist’s digital-first brands naturally complement L’Oréal’s existing portfolio, bringing high-performing science-led products specifically tailored for Indian consumers.
  • The agreement retains Innovist’s founding team's expertise and entrepreneurial spirit.

L’Oréal to acquire a majority stake in Innovist, a leading personal care house of brands.

WHO: Founded in 2019 by Rohit Chawla, Sifat Khurana, and Vimal Bhola, Innovist is one of the fastest-growing science-led and digital-first personal care companies in India. Behind rising popular brands such as Bare Anatomy and Chemist at Play, Innovist is built on a commitment to clean formulations and transparent ingredients, supported by its strong in-house research ande development and manufacturing capabilities. Innovist’s popular skincare and haircare products are available across its direct-to-consumer platforms, major e-commerce and quick commerce channels, and nationwide offline retail partnerships.

For over 115 years, L’Oréal, the world’s leading beauty player, has had a broad portfolio of 40 international brands and more than 95,000 committed employees. In 2025, the Group generated sales amounting to €44.05 billion. With 22 research centers across nine regional hubs around the world and a dedicated Research and Innovation team of over 4,000 scientists and more than 8,000 Digital, Tech, and Data talents, L'Oréal is focused on inventing the future of beauty and becoming a beauty tech powerhouse.

WHY: Innovist’s digital-first brands naturally complement...

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