Ravelcare Ltd IPO

About Ravelcare Ltd

Our company was originally incorporated and registered as a private limited company under Companies Act, 2013 in the name and style of Ravelcare Private Limited vide certificate of incorporation dated November 29, 2018 issued by the Registrar of Companies, Central Registration Centre. Pursuant to a resolution of our Board dated March 22, 2024 and a resolution of our shareholders dated March 27, 2024, our Company was converted into a public limited company under the Companies Act, and consequently the name of our company was changed to Ravelcare Limited, and a fresh certificate of incorporation dated June 14, 2024 issued by Registrar of Companies, Central Processing Centre.

India's beauty and personal care industry is experiencing an unprecedented transformation, driven by surging online sales, increased global brand interest, and the rapid expansion of homegrown players. India's beauty and personal care market, valued at Rs. 2,43,236 crore (US$ 28 billion), is expected to reach Rs. 2,95,358 crore (US$ 34 billion) by 2028, growing at 10-11% annually. The country has emerged as the world's fastest-growing online market for beauty products, with beauty e-commerce and quick commerce sales rising 39% in value between June and November 2024 compared to the previous year, far outpacing the 3% growth in physical store sales, according to NielsenIQ. The shift towards online shopping reflects a structural change in consumer behaviour, particularly among younger demographics, with 17% of Indian consumers purchasing beauty products online in 2024, up from 13% a year ago. Platforms such as Amazon, Myntra, Blinkit, Zepto, Nykaa, and Reliance Retail's Tira are leading this growth, while brands are strengthening their digital presence to capture demand for convenience, variety, and influencer-driven trends.

Our Company operates through a digital first distribution model in the beauty and personal care segment (BPC) offering a range of haircare, skincare, and bodycare products. Our current operations are built around a direct-to-consumer (D2C) approach, supported by e-commerce and data-driven product development processes. Our products are sold through multiple channels including our website, major online marketplaces such as Amazon, Flipkart and Myntra and quick commerce platform i.e. Blinkit. The percentage of repeat orders was 36.86%, 32.55%, 22.12% and 16.81% during the period ended September 30, 2025 and financial years ended March 31, 2025, March 31, 2024 and March 31, 2023 respectively. Our revenue from operations for the period ended September 30, 2025 and Financial Year ended March 31, 2025, March 31, 2024 and March 31, 2023 was Rs. 1,439.76 lakhs, Rs. 2,497.89 lakhs, Rs. 2,208.78 lakhs and Rs. 349.36 lakhs respectively.

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