Page 3 - Beauty Care Products

Beauty startup Pilgrim raises $20 million in Series B funding round

Pilgrim, a startup operating in the field of beauty and personal care, on Tuesday said it has raised USD 20 million (around Rs 166.6 crore) in a funding round. This Series B round was led by Vertex Ventures Southeast Asia and India along with existing investors Fireside Ventures & Narotam Sekhsaria Family Office, a joint statement said. The company currently has an annual run rate of Rs 300 crore and aims to scale it to Rs 1,000 crore by 2025 on the back of its commitment to robust R&D and consumer-centricity. Pilgrim, which is serving over five lakh consumers monthly, will deploy this funding to increase brand building, and R&D, and bolster offline expansion within India, it added. "Pilgrim has been steadfast in crafting efficacious solutions tailored to individual consumer needs and co-creating products alongside our customers. This approach has empowered us to introduce groundbreaking innovations, reshaping the landscape of India's beauty and personal care market," its .

Beauty care firm Pilgrim raises $20 mn in funding for business expansion

Company says it will use money for brand building, research, and bolstering its offline presence

L'Oreal brings first brand of its dermatological beauty division to India

While Itani did not specify a timeline, he indicated that other brands from the division might also be introduced in India in the future

Urban Company's beauty segment workers stage protests over ID blocking

The partners have alleged that Urban Company blocked their cards if their ratings fell below 4.8 out of 5

Rajesh Uppalapati as CTO, P Ganesh as CFO: Nykaa announces new appointments

TV Venkataraman will be responsible for the company's Internal Audit and Risk Management charter

Five senior executives leave Nykaa; company calls it business as usual

Nykaa rivals conglomerates such as Tata and Reliance both of which have interests in the beauty products industry

Half of Myntra's beauty product orders now come from Tier-2 and 3 cities

The Walmart-owned fashion retailer is scaling up its operations to tap the BPC market, which is expected to grow $38 billion by 2028

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

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

Reliance Retail to mark entry in beauty and personal space market in Jan

The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline

Rise of cosmetic dermatology space gets big pharma looking for buyouts

According to reports, Torrent Pharmaceuticals is set to sign a deal to acquire Curatio Healthcare, a maker of skincare products, for Rs 2100 crore.

Aiming to clock 100 mn users by end of 2023, says Flipkart's Shopsy

Flipkart's social commerce platform has over 250,000 sellers and 150 million products ranging across fashion, beauty, mobiles and home

Myntra starts under 48-hour delivery for fashion and beauty products

The 'M-Express' service will work in more than 1,300 pin codes and earn customer loyalty, says the company.

Beauty, personal products maker Believe raises $55 mn in Series C funding

The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.

Belviso announces launch of its premium skin care products in India

Launching initially are the Belviso Vitamin C Serum, Belviso Multi-Acid Serum, Belviso Niacinamide Serum, Belviso Total Nano Gel and Belviso Transformation Cream

Beauty and personal care segments shrug off Omicron wave in Dec quarter

Companies post strong growth in Q3; competition heats up as ABFRL, TCNS Clothing enter space

Marketing expenses are back to pre-Covid levels: Nykaa's Anchit Nayar

In a Q&A, the CEO of the firm's beauty e-commerce segment dwells on the factors leading to a drop in profit, goal for its fast-growing fashion segment and physical retail foray

Beauty takes natural turn, demand for ayurveda products soars in India

A 2018 report by Research and Markets, which pegged the ayurveda market in India at Rs 300 billion, expects it to touch Rs 710.87 billion by 2024

Beauty startup Nykaa surges to near $13-bn valuation in stock market debut

BENGALURU (Reuters) - Shares of cosmetics-to-fashion platform Nykaa made a blockbuster opening on Wednesday, valuing the Indian company at near $13 billion, in the latest startup listing after food delivery firm Zomato's stellar debut in July.

Beauty and personal care co Plum to open 50 offline stores in India by 2023

The company has a three million-strong customer base and serves 300,000 customers a month; opens its first-ever exclusive store at R-City Mall in Mumbai