The Bodycraft ₹120 crore fundraise has drawn three of India’s prominent law firms as Bengaluru-based Bodycraft Salon Skin and Cosmetology Pvt. Ltd. secured private equity investment from Singularity AMC. The transaction involved separate legal counsel for the investee company and its promoters, the investor, and an existing shareholder — underscoring the complexity and multi-party structure of the deal.
Introduction
Bodycraft Clinic and Salon has secured ₹120 crore in a Series A funding round from Singularity AMC, a Mumbai-based private equity firm focused on growth-stage and pre-IPO investments in India. The transaction was structured to accommodate the interests of three distinct stakeholder groups — the investee company and its promoters, the incoming investor, and an existing investor — each represented by independent legal counsel. Founded in 1997 by Manjul Gupta, Bodycraft has grown from a single salon in Bengaluru into an integrated platform offering salon, dermatology, aesthetic and wellness services.
Deal Value
Bodycraft Clinic and Salon, one of India’s largest integrated clinic-and-salon platforms spanning beauty, wellness, and medical aesthetics, has secured INR 120 crore in funding from Singularity AMC. The fresh capital is earmarked to expand Bodycraft’s footprint across India. Further financial terms of the transaction, including valuation, were not disclosed.
Legal Teams Involved
Three law firms acted across the transaction, each advising a distinct party.
ALMT Legal — Advised Bodycraft Salon Skin and Cosmetology Pvt. Ltd. and its Promoters
ALMT Legal, Bangalore advised Bodycraft and its promoters on the transaction. The transaction team comprised:
- Rajat Bopaiah — Senior Partner
- Satish Srinivasan — Senior Partner
- Aman Singh Poras — Principal Associate
- Prakhar Agarwal — Associate
- Adhithyaa Vishal — Associate
- Priyamvada Suresh — Associate
Shardul Amarchand Mangaldas & Co. — Advised Singularity AMC
Shardul Amarchand Mangaldas & Co. advised Singularity AMC on this transaction. The transaction team comprised:
- Navruz Vakil — Partner (Transaction Lead)
- Alena Advani — Consultant
- Vidhi Shah — Associate
Rajani Associates — Advised MJ Shah Enterprise
Rajani Associates advised existing investor MJ Shah Enterprise on this transaction. The transaction team comprised:
- Ankur Singhania — Partner (Transaction Lead)
- Lamha Mehra — Associate
Significance and Impact
Bodycraft currently operates 67 clinics and salons across more than 10 cities, comprising 33 clinics and 34 salons, and plans to open 30 new locations with the fresh capital. The transaction is notable for being Bodycraft’s first major institutional fundraise in nearly nine years — the fundraise marks Bodycraft’s first major funding round in nearly nine years; in 2017, the company raised ₹18 crore at a pre-money valuation of ₹55 crore.
The deal also highlights sustained investor appetite for India’s organised beauty and medical aesthetics sector. Industry estimates suggest India’s clinical aesthetic market could grow from around $2 billion in 2024 to more than $7 billion by 2033, while the broader beauty and personal care market is expected to expand from about $27 billion in FY25 to nearly $39 billion by FY30.
From a legal-market standpoint, the three-firm structure — with ALMT Legal protecting company and promoter interests, Shardul Amarchand Mangaldas & Co. acting for the incoming PE investor, and Rajani Associates representing the existing investor — reflects the increasingly layered nature of growth-stage private equity transactions in India. Track similar transactions on the Deal Meter.
Conclusion
The Bodycraft ₹120 crore fundraise from Singularity AMC marks a significant milestone for India’s integrated beauty and wellness sector, with the transaction drawing a multi-firm legal advisory structure across three stakeholder groups. The investment is expected to support the company’s expansion plans and strengthen its position in the beauty, wellness, and medical aesthetics sector. The engagement of ALMT Legal, Shardul Amarchand Mangaldas & Co., and Rajani Associates on a single growth-stage round reflects the increasingly sophisticated legal architecture that now characterises private equity deals in India’s consumer healthcare space.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
