Nykaa, L’Oréal's venture fund tie up to invest in Indian beauty brands

Nykaa and L’Oréal’s corporate venture fund BOLD will jointly invest in Indian beauty and personal care brands, according to an exchange filing by the Mumbai-based company.

"Through the collaboration, BOLD and Nykaa will take minority stakes in emerging Indian beauty and wellness brands with strong consumer traction and distinctive propositions," the statement said.

"Such investments will be purely financial and minority in nature, where founders retain full ownership control and continue to run their businesses independently, with their own teams, culture, and creative direction," it added.