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…
Homegrown skincare brand Minimalist has raised $15 million in its Series A round led by Sequoia Capital India with investment from Unilever Ventures.
As indicated by the organization, the assets will be used to increase its infrastructure and R&D capabilities, content curation, and worldwide expansion.
Founded by Mohit and Rahul Yadav, Minimalist provides a range of skincare items including…
