Thursday, April 25, 2024
Outlook.com
Outlook India
Outlook Business

Skincare

Currently, the skincare brand's products will be available on online platforms

The leadership change comes after Carlyle, in December 2022 announced the acquisition of a majority stake in the homegrown firm

Nykaa Fashion delivered a gross merchandise value and revenue growth of 50 per cent and 43 per cent, respectively

The company targets to raise $300 million from a possible IPO at a valuation of $3 billion in 2023

The Nykaa-backed skincare brand plans to open over 70 kiosks across India and international markets and expects these to generate 10 per cent of its FY 2022–2023 total revenue via omnichannel business.