Bodycraft Raises Rs 120 Crore From Singularity AMC To Expand Beauty And Wellness Clinics Across India.
Beauty and wellness chain Bodycraft has raised 120 crore rupees from private equity firm Singularity AMC, its first major funding round in nearly nine years, as the company plans to open 30 new clinics and salons across India.
Bodycraft, the Bengaluru born beauty and wellness chain that started life as a single salon, has just closed its biggest funding round in nearly a decade. The company has raised 120 crore rupees, close to 12.6 million dollars, in a round led by Singularity AMC, a Mumbai based private equity firm that focuses on growth stage and pre IPO investments in India. The last time Bodycraft raised outside capital was back in 2017, when it picked up 18 crore rupees at a pre money valuation of 55 crore rupees, so this new round marks a significant jump in both scale and investor confidence.
Founded in 1997 by Manjul Gupta, Bodycraft began as a single beauty salon in Bengaluru and has since grown into one of India’s largest integrated clinic and salon platforms, combining beauty, wellness and medical aesthetic services under one roof. The business expanded through the family, with Swati Gupta joining in the early 2000s to deepen the company’s beauty offerings, and Sahil Gupta, an IIT Kharagpur graduate, coming on board in 2011 to scale operations into what is now a 67 location network across the country, run through a mix of company owned and franchise models.
A big part of Bodycraft’s pitch to investors is its hybrid format, where clinical, medically supervised aesthetic treatments sit alongside more traditional salon services in the same space. The clinical side is led by Dr Mikki Singh, a board certified dermatologist who joined as founder and medical director in 2015 and has built out the company’s reputation in facial and body aesthetics, skin care and hair treatments. With the new capital, Bodycraft plans to add 30 new locations, invest in clinical technology and equipment, strengthen management and operations, bring in AI led efficiency, and sharpen customer experience across the network.
“This fundraise marks the beginning of an exciting new chapter for Bodycraft. The capital from Singularity will enable us to accelerate expansion, deepen our clinical and technological capabilities, and continue investing in the talent and infrastructure required to build a category leading business,” said Sahil Gupta, CEO of Bodycraft Clinics and Salons. Dr Mikki Singh added that the fresh funds would let the company explore newer treatment categories such as longevity science and regenerative therapies, areas she described as central to building an outcome first practice. Sandeep Bapat, Co Chief Investment Officer at Singularity AMC, said the firm was drawn to how Bodycraft had built out both its clinic and salon businesses under one differentiated model, and believes the investment will help the team expand into more cities.
The bigger picture here is a beauty and wellness market that is changing shape quickly. India’s clinical aesthetics segment alone could grow from roughly 2 billion dollars in 2024 to more than 7 billion dollars by 2033, while the broader beauty and personal care market is expected to expand from about 27 billion dollars in FY25 to nearly 39 billion dollars by FY30, driven by rising incomes and a growing willingness among Indian consumers to spend on self care. Bodycraft’s nine year gap between funding rounds suggests a business that has historically grown on its own steam rather than chasing capital, which is unusual in a sector that has seen plenty of aggressive, loss funded expansion from newer entrants. Whether that organic discipline holds up once the company starts moving faster with outside money, especially as it pushes into capital intensive areas like longevity and regenerative treatments, will be the real test of this new chapter.
