Beauty Products

Reliance Retail enters beauty segment with Tira, opens 1st store in Mumbai

Reliance Retail on Wednesday entered into the beauty space with the launch of Tira, an omnichannel beauty retail platform. The country's leading retailer will now compete with the brands like HUL's Lakme, Nykka, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace. Reliance Retail announced the launch of Tira, an omnichannel beauty retail platform. Along with the Tira app and website, it also opened its flagship Tira store at Jio World Drive in Bandra Kurla Complex in Mumbai. Tira has the potential to scale up its stores across cities, said industry sources. According to the online market and consumer data platform Statista, the Indian Beauty and Personal Care market amounts to USD 27.23 billion in 2023 and 12.7 per cent of the total revenue will be generated through online sales. Reliance Retail Ventures Ltd Executive Director Isha Ambani said, "We are excited to bring the Tira experience to our Indian customers. With Tira, we aim to break down barriers

Marico to acquire 100% stake in Vietnamese personal care brand Beauty X

To pay Rs 172 cr under the deal, which is expected to be completed by March 31

Lakme turns 70: 'Has evolved with time, stayed ahead of digital curve'

The brand is hopeful that the opportunity in the beauty and personal care space is huge as the per capita consumption of makeup in the country is very low in India

Former Nykaa CFO Arvind Agarwal joins PayU India as chief financial officer

"We are excited to welcome Arvind to our leadership team," said Prosus-owned PayU India in a statement

Fashion & beauty platform Nykaa announces CFO Arvind Agarwal's resignation

The FSN E-Commerce Ventures, that runs the fashion and beauty platform Nykaa, announced the resignation of its chief financial officer (CFO) Arvind Agarwal today on November 22

Nykaa's strong performance in Sept quarter bucks new-age tech bloat

Nykaa has already expanded to 15 cities, not states. Ergo fulfilment costs are already down. Distance from warehouse to customer has therefore, shrunk

Online cosmetics retailer Nykaa's Q2 net more than doubles to Rs 5.2 cr

Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore

Reliance Retail enters general trade with its own FMCG grocery brands

In the non-foods space, it has entered the personal care and home care business

Beauty start-up Purplle raises $33 mn in funding, gets unicorn status

It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.

India among top priority markets: Swedish beauty brand Oriflame

India is among one of the "priority markets" for the direct selling Swedish beauty brand Oriflame, where it expects to continue its double-digit growth over the next 3-5 years, a top company official has said. The company which sells cosmetic and wellness products in India also expects a double-digit growth in its sales force, adding more direct sellers in the coming years. Amid the COVID-19 pandemic, Oriflame has witnessed an upswing in the wellness products business, contributing to around 20 per cent of its India business from the earlier 4 per cent, and expects this trend to continue with some minor corrections. "We have an expectation to continue the double-digit growth over next 3-5 years and I do not see it as a huge challenge," Frederic Widell, Vice President & Head of South Asia & MD, Oriflame India, told PTI. The company will continue to grow here for the next decades because of the growing population and would continue to invest in India and build the business, he ..

Beauty brand Plum raises Rs 270 cr in Series C round led by A91 Partners

The fresh capital is expected to add momentum to Plum's gameplan of further strengthening its omni-channel presence, building new categories and enhancing R&D capabilities

Beauty brand RENEE Cosmetics raises $10 mn in funding by Mensa brands

RENEE Cosmetics plans on utilising funds majorly in strengthening the brand presence and widening offline presence.

We are close to doubling revenue in FY22: Mamaearth CEO Varun Alagh

On Saturday, Mamaearth became the first start-up to enter the unicorn club in 2022 with a $52 million fundraise

For Indian celebrities, a beauty line is no new obsession. Here's proof

Indians A-listers are not way behind in taking the plunge. Here's a list of Indian celebrities and their beauty brands

Beauty startup Nykaa's IPO attracts bids of nearly $33 billion

The company received bids for 40 times the number of shares it plans to sell to anchor investors in its IPO

Lotus Herbals acquires 32 pc stake in dermaceuticals maker Fixderma India

Beauty and personal care products maker Lotus Herbals has bought a 32 per cent stake in Fixderma India, owners of dermaceuticals brands like Fixderma and FCL. The company, however, did not disclose the financial details of the transaction. Through this investment, Lotus Herbals forays into the dermaceutical segment offering a premium range of skincare and haircare products, said a joint statement. This also bridges the gap between the prescription-based products and over-the-counter cosmetics, it added. "By investing in this leading cosmeceutical company, Lotus enters the dermaceutical beauty space with a clear-sighted goal of emerging as domain leaders in the future," it said. Fixderma, along with its premium skincare range FCL, manufactures dermatology products. It is an established direct-to-consumer (D2C) brand and Fixderma product lines are also retailed through dermatologists and pharmacies in India and overseas. "With our strategic planning & marketing expertise, we aim at

Nykaa acquires majority stake in homegrown skincare brand Dot & Key

Nykaa has acquired a majority stake in homegrown skincare brand Dot & Key, the first direct-to-consumer (D2C) beauty brand acquired by the IPO-bound beauty and fashion e-commerce platform. This is the first D2C (direct-to-consumer) beauty brand acquired by Nykaa and following this investment by Nykaa, Dot & Key will join Nykaa's stable of owned brands, Nykaa said in a statement on Friday. While the company did not disclose the financial details, Nykaa's red herring prospectus (RHP) shows it purchased 3,35,000 equity shares from the existing shareholders of Dot & Key for about Rs 46.9 crore and further subscribed to 3,57,143 equity shares for a consideration of about Rs 50 crore. "On September 28, 2021, our company acquired 51 per cent of the outstanding equity shares of Dot & Key Wellness Private Ltd (Dot & Key) through the subscription and purchase of equity shares. "Following this investment, Dot & Key became one of our owned brands and this investment will ..

POPxo forays into beauty segment, eyes Rs 100 cr revenue run rate

POPxo, a digital community for women, on Friday announced its foray into the beauty segment and said it aims to log a revenue run rate of Rs 100 crore in the next 12 months.

Falguni Nayar gets her turn as billionaire startup CEO with Nykaa IPO

Nykaa, her brainchild, has grown into India's top e-commerce site for beauty products.

Archies forays into beauty segment, launches dedicated e-com portal

Gift and greeting cards major Archies on Friday announced its foray into the beauty and personal care products segment as part of business expansion plans. It has partnered with around 45 brands, ranging from cosmetics, haircare, skincare, fragrances and scents, bath & body care and even baby care, said Archies Beauty Chief Operating Officer Hanisha Kapoor. As per the strategy, Rs 200 crore company is opting for both online and offline channels for its new business segment 'Archies Beauty'. Its products would be available on its new portal Archiesbeauty.com and the company also looks to leverage its existing network of over 200 Archies stores to sell these beauty and personal care products, she added. "By the quarter-end, Archies Beauty will be having around 75 beauty and cosmetic brands on board and by the year-end end, (it is) eying to have around 150 plus brands," Kapoor told PTI. Archies Beauty is also considering introducing dedicated outlets for its new segment by next year,