Hindustan Unilever (HUL), one of India’s biggest FMCG companies, has taken a major step into the growing direct-to-consumer (D2C) beauty and skincare market by acquiring a 90.5% stake in Jaipur-based Minimalist. This acquisition, valued at nearly Rs 2,955 crore, marks one of the most significant deals in the Indian beauty industry. Let’s break down the details of this big move and what it…
Nykaa Acquires Majority Stake in Earth Rhythm: A Bold Move in Clean Beauty
In an exciting move that signals the growing importance of clean beauty in India, Nykaa, the leading beauty e-commerce giant, has announced its acquisition of a majority stake in Earth Rhythm, a popular clean beauty brand. This strategic acquisition builds on Nykaa’s earlier investment in Earth Rhythm, where the company…
In a significant move to enhance employee motivation, Nykaa, the leading beauty and personal care platform spearheaded by Falguni Nayyar, has announced the allocation of 3.08 lakh equity shares under its employee stock option plan (ESOP). This strategic issuance reflects Nykaa’s commitment to recognizing and rewarding its workforce, especially as it navigates a competitive landscape in the…
In an exciting development for the wellness industry, versatile actress Samantha Prabhu has taken on a pivotal role as co-founder of Secret Alchemist, a holistic aromatherapy-based wellness brand. This innovative startup has recently secured $500,000 in seed funding through a round led by Inflection Point Ventures (IPV), a well-known angel investment firm based in Gurugram. The investment is aimed…
In 2010, Alli Webb transformed a humble side hustle into a booming $255 million business, revolutionizing the beauty industry with her concept of a dedicated blowout salon. Webb’s journey from a mobile blow-drying service to founding Drybar, a salon empire with over 150 locations, is a testament to entrepreneurial vision and market demand.
Webb’s story began in Los Angeles, where she, as a…
Nykaa Expands Leadership Team
Nykaa, a leading beauty and fashion retailer in India, has announced the appointment of Sukhleen Aneja as Senior Vice President and Business Head for Kay Beauty. This strategic move aims to accelerate the growth of Kay Beauty, a popular celebrity beauty brand launched in collaboration with Bollywood actress Katrina Kaif.
Driving International Growth for Kay…
Pilgrim, a burgeoning direct-to-consumer (D2C) beauty and personal care brand, has successfully raised approximately $9 million in a Series B extension funding round. The round was led by prominent investors Fireside Ventures and Vertex Ventures, with significant contributions also made by NSFO Ventures, Mirabilis Investment, and NABS Vriddhi.
The latest funding round saw the issuance of 854…
Kindlife, the innovative beauty, wellness, and health platform based in Gurugram, has successfully raised USD 8 million in its Series A funding round. This round was led by JB-Dooeun TK Fund and MIXI Global Investments, with notable participation from Kalaari Capital and several angel investors. The latest funding follows an earlier seed round in which Kindlife secured USD 2.5 million from Kalaari…
