Beauty-focused quick-commerce platform Firi was reported to have raised a $3 million seed round on September 16, 2026 (about 460 million yen at a September 2026 rate of $1 ≈ ¥155; reports also cited roughly ₹28.8 crore, or 288 million rupees). The round was led by 360 ONE Asset, with participation from Better Capital and CRED founder Kunal Shah, among others. The founders are Karishma Rathaur and Vivek Madani, both former Uber India executives. This is a fundraising story with a clear who, how much, and for what, and Firi's curated model of selling cosmetics through instant delivery offers material for Japanese cosmetics brands thinking about distribution channels in India.
Firi was incorporated in June 2026 and moved into full-scale operations after a pilot in the first half of the same year. The $3 million will go toward category expansion and the development of AI-driven product discovery and fulfillment. Delivery is advertised at as little as 9 minutes in parts of Gurugram, with the current lineup centered on skincare, haircare, and body care. From there, the company plans to expand into categories such as makeup and fragrance. The base funding figure is $3 million, about 460 million yen (at $1 ≈ ¥155), with reports also citing a rupee figure of roughly ₹28.8 crore (288 million rupees, where 1 crore = 10 million).
Both of Firi's founders gained experience running ride-hailing operations at Uber India. They brought their know-how in moving people and goods quickly to beauty, a category with relatively high price points where customers tend to struggle to choose. Firi says it used AI to analyze more than 50 million reviews and narrowed down the more than 300,000 beauty products said to exist worldwide to about 3,000. Cutting down the overwhelming number of options so customers "don't have to agonize" is positioned as a value alongside speed.
Firi claims its average order value (AOV) is roughly twice the published figures of major online beauty retailers such as Nykaa and Tira. By narrowing the lineup to 3,000 items, the company aims to keep the burden on inventory and delivery in check while concentrating orders on products that are easy to choose. By combining delivery measured in minutes with curation based on review analysis, the design aims for a substantial shopping trip completed quickly, rather than impulsive small purchases.
The fact that founder-operators like Kunal Shah have signed on reflects expectations for an operations-focused model. That said, the 9-minute figure is described as a result achieved in parts of Gurugram, and whether it can be replicated across the whole city or in other cities remains to be seen. Whether category-specific instant delivery can compete with the speed and selection of general-purpose platforms will be the next thing to watch.
If a Japanese cosmetics brand is looking to speed up distribution in India, a curated instant-delivery service like Firi offers an entry point separate from general e-commerce. On a shelf narrowed to 3,000 items, review ratings and turnover are likely to be the basis for selection, so brands need to prepare a "reason to be chosen" for each individual item rather than simply lining up a large number of SKUs. The case of Yves Rocher entering through a partnership with Nykaa and the trend of quick commerce spreading into beauty delivery with those in mind, the realistic first step is to identify a small, high-end set of items that will actually move on an instant-delivery shelf.
Businesses built around roughly 10-minute delivery are branching out from food and grocery into beauty. Swish's move to go all-in on 10-minute food delivery in the same way, by narrowing its category to beauty, Firi is trying to compete on depth in a space where the major players spread themselves thin and wide.
Firi combined the operational strength of former Uber executives with AI-driven curation, narrowing beauty down to about 3,000 items and rolling out delivery in as little as 9 minutes. If Japanese cosmetics companies want to ride this distribution channel, the right order is to first lock in a small number of items chosen for their review ratings and turnover, get them moving on a curated shelf, and then expand — rather than wholesaling an entire product line at once. The place to start is identifying one to three items that can win in instant delivery, and preparing a reason each one deserves to be chosen.
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