Raageshwari was born as Raageshwari Loomba on 25 July 1977 in Mumbai, Maharashtra, India. She began her career as a model and became a familiar face in Indian advertising and music videos during the 1990s.
She made her film debut with Mera Dil Tere Liye (1992). She subsequently appeared in films including Aankhon Mein Tum Ho (1997), Main Khiladi Tu Anari (1994), Tum Mere Ho and Dil Aashna Hai. Her performances were particularly associated with the youthful romantic films of the 1990s.
Alongside acting, Raageshwari developed a career in music. She released music albums and appeared in several popular music videos, establishing herself as a singer and performer in addition to being an actress.
She also became associated with television and hosted and appeared in various entertainment programmes. Her versatility allowed her to work across films, music, modelling and television.
Raageshwari later moved toward wellness and personal development. She has been associated with meditation, yoga and holistic wellness, and has spoken publicly about her experiences and personal journey.
She married Sudhanshu Swaroop, a London-based lawyer, in 2014. The couple has a daughter.