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BEAUTY AND COSMETICS VENTURE
Nykaa shares rise 3% as Q1 update signals nearly 30% revenue growth, GMVNykaa share price gained 3% following a robust quarterly business update. The company anticipates nearly 30% year-on-year growth in consoli...
Nykaa expects Q1 revenue growth near 30%, helped by fashion recoveryThe company, in a voluntary quarterly update filed with the stock exchanges on Sunday, said consolidated gross merchandise value and net sa...
Why Meta tapped Kunal Shah; Beauty’s new factory boomHappy Wednesday! Meta just handed WhatsApp’s steering wheel to Cred’s Kunal Shah, betting he can turn India’s favourite chat app into a pay...
L’Oréal buys control of Innovist as India beauty battle intensifiesL'Oréal SA is acquiring a majority stake in Indian beauty startup Innovist. This move strengthens L'Oréal's position in India's rapidly exp...
H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...
Success quote of the day by the American businesswoman Estée Lauder: “Most good ideas sparkle in simplicity, so much so that everyone wonders why no one ever did it before” — Advice on innovation, creativity, business success, and how to build a brand by the co-founder of The Estée Lauder CompaniesSuccess quote of the day by the American businesswoman Estée Lauder: “Most good ideas sparkle in simplicity, so much so that everyone wonde...
Cosmetic battle intensifies as Birla & Ambani vie for space on your dressing tableIndia's beauty and personal care market, expected to reach $34 billion by 2028, is attracting major players. Industry giants like Reliance,...
Kumar Mangalam Birla's daughter Ananya announces new beauty and cosmetics ventureAnanya Birla, daughter of billionaire Kumar Mangalam Birla, is entering the beauty and cosmetics industry with a new venture. Targeting the...
Lotus Herbals sets up $50mn fund to invest in startupsLotus Innovation Fund is the second such fund to be set up in India. In 2022, Estee Lauder-backed New Incubation Ventures had launched a st...
Sugar Cosmetics FY23 revenue jumps 89% to Rs 420 crore, net loss stays flatMumbai-based Sugar Cosmetics' total expenses rose 68% on year to Rs 505 crore in FY23, primarily due to higher spending for purchases of st...
Kareena Kapoor Khan, Sugar Cosmetics parent form JV to sell Korean productsThe joint venture company called Quench Botanics is expected to be a Rs 100-crore business in net revenue over the next 12 months, said Vin...
Kareena Kapoor, Sugar Cosmetics parent Vellvette Lifestyle form JV to sell Korean products“The beauty explosion is real and is here to stay. From being a beauty market in its infancy, India is growing up in terms of awareness, ed...
From top to bottom, Reliance Retail plans big beauty & cosmetics forayThe retail venture of Reliance Industries plans to open two formats of beauty and cosmetics outlets to tap the market: a multi-brand store ...
Purplle eyes controlling stake in Faces CosmeticsPremium cosmetics player Lotus Herbals was also in talks to buy out majority stake in Faces earlier but it didn’t materialise, one of the e...
Reliance Retail to soon start selling cosmetics onlineET had reported last week that Tata’s unit, Tata Digital, is also finalising plans to launch a new ecommerce platform exclusively to sell b...
Funding of cosmetics & beauty startups doubles to $108 million in ’19Besides e-commerce, beauty is also seeing an increase in the number of homegrown skincare and cosmetic brands, latest among them being Grof...
Sequoia Capital acquires Faces Cosmetics from Everstone Capital for $40 millionWhile Everstone managing director Rajev Shukla will retain his personal stake in the company, the existing management team led by Sharmili ...
IvyCap Ventures to invest in beauty & grooming online retailer PurplleBoth IvyCap and Purplle confirmed the investment, but refused to disclose the size of the deal. IvyCap typically invests Rs 15-30 crore in ...
Foreign beauty companies like Innisfree Corp, Officina & others que up to enter IndiaInnisfree, Officina and Faces Cosmetics have approached the FIPB to invest in single-brand retailing ventures in India.
Power of ideas: YLG, the salon and spa chainYLG’s model tweaked the way the business was conducted, based on its holistic understanding of not just the industry, but also customer beh...