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Forest Essentials
Beauty · Luxury Ayurveda
Acquired (Estée Lauder 100%)India
HQNew Delhi, India
Founded2000
FoundersMira Kulkarni, Samrath Bedi
RegionIndia
Financials
FY24 Revenue₹580 Cr (FY24)
FY25 Revenue₹585 Cr (FY25, €54.7M)
YoY growth+18% YoY
Profitabilityprofitable
Channels & Distribution
Channel mix not disclosed.
D2C—
Marketplace—
Offline—
Stores100
Tech stack
Primary stackUnknown
Shopify share—
Mobile appNo
Analyst notes
Profit ₹130 Cr (~22% margin). 100+ luxury boutiques + airports + hotels.
Confidence: verifiedVerified 5 Jun 2026
Funding
Latest roundFull acquisition2024-25
Round size—
Total raised—
Valuation>$1B2024-25
Investors
Estée Lauder Companies
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Nykaa
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FY25 Rev₹8.0K Cr
D2C—
Stores187
CustomHas appIndia
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LossBeauty•Science-led skin/hair care
Jaipur 2020Acquired (HUL 90.5%)
FY25 Rev₹515 Cr
D2C—
Stores—
UnknownIndia
Pilgrim
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FY25 Rev₹400 Cr
D2C—
Stores4
ShopifyIndia