Pilgrim, a Mumbai, India-based clean beauty brand, raised ₹200 crore in a new funding round, at approximately ₹3,000 crore pre-money valuation.
The round is a mix of primary and secondary capital.
Backers included existing investors Narotam Sekhsaria Family Office, Vertex Ventures SEAI, and Mirabilis Investment Trust, alongside new investors Vertex Growth Fund and Anicut Equity Continuum Fund.
The company intends to use the funds to accelerate its growth and market expansion in India and beyond.
Led by Gagandeep Makker, Pilgrim is a digital-native beauty brand leveraging a world ingredients-focused approach. Its philosophy centers on discovering global beauty secrets, and combining them with science to deliver accessible products. Its diverse portfolio, spanning skincare, haircare and colour cosmetics caters to a nationwide audience through its website, app, and major e-commerce platforms.
The company has a gross Annual Run Rate (ARR) exceeding ₹800 crore.
FinSMEs
18/03/2025