L'Oréal-Innovist deal anchors $426 Mn week as TruNativ, Foodstories close Series B rounds
Indian startups raised $426 Mn across 19 deals June 15-19. L'Oréal is acquiring a majority stake in beauty D2C Innovist at a $350-450 Mn valuation, while TruNativ closed a $30 Mn Series B and Foodstories raised $5.2 Mn. Mensa Brands is targeting an IPO within 18 months.
Indian startups raised $426 Mn across 19 deals June 15-19, with retail-relevant moves including L'Oreal acquiring majority in beauty D2C Innovist (~$350-450 Mn), TruNativ's $30 Mn Series B, Foodstories' $5.2 Mn, and Mensa Brands targeting IPO in 18 months.
Why this matters
TruNativ's $30M OrbiMed-led Series B is earmarked to push its clean-label nutrition portfolio beyond digital into offline retail, marking a scale-up phase for the D2C brand.
Retail-brand activity steady with 1,713 signals logged over the past 90 days.
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