NATIONAL

Nykaa’s Falguni Nayar becomes India’s richest self-made woman billionaire

Falguni Nayar, Founder, Managing Director & CEO, Nykaa, launched her beauty e-commerce chain (Nykaa) in 2012 at the age of 50 years, and prior to that, she worked with Kotak Mahindra Group. In her 19-yearold long career with Kotak Mahindra Group, she went up the corporate ladder to become the Managing Director of the company. She had set up Kotak’s securities operations in the US and the UK in addition to spearheading scores of IPOs in India. What’s more, she has now become the richest self-made woman in India after the stellar debut of cosmetics and fashion retailer Nykaa’s parent FSN E-Commerce Ventures. The listing price of Rs 2,018, which is a whopping 79 per cent premium to the issue price of Rs 1,125, gives the company a valuation of $13 billion. She became a billionaire in a pre-IPO private placement in June that valued Nykaa at $2.3 billion, giving her a net worth of $1.1 billion. The listing boost has made her the richest self-made woman in India, a title held until now by biotech entrepreneur Kiran Mazumdar Shaw whose current net worth is $3.6 billion. The Nykaa IPO, which opened on October 28 and closed on November 1, was over-subscribed 82 times with the portion for qualified institutional buyers subscribed at 92.3 times; non-institutional investors at 110 times; the retail portion at 10.3 times and the employees’ segment at nearly 1.9 times. The Mumbai company had set a price band of between Rs 1,085 and 1,125 rupees per share.

Lotus Herbals forays into the dermaceutical segment

One of India’s leading natural beauty companies, Lotus Herbals has announced an acquisition of 32 per cent strategic stake in Fixderma India, owners of the Fixderma and FCL brand of Dermaceuticals. With this strategic stake buy, Lotus Herbals forays into the Dermaceutical segment offering a premium range of skincare and haircare products that bridge prescription-based products and over-the-counter cosmetics. By investing in this leading cosmeceutical company, Lotus has entered the dermaceutical beauty space with a clear-sighted goal of emerging as domain leaders in the future. Fixderma is an established D2C brand and its product lines are also retailed through dermatologists and pharmacies in India and overseas. The acquisition of a stake in Fixderma is the beauty conglomerate’s second investment in an Indian beauty and wellness sector, following its 100 per cent acquisition of the certified organic Ayurveda brand Soul Tree in 2020. Lotus Herbals plans on maintaining a distinctive brand identity for Fixderma and FCL in domestic and international markets while strategising the brand’s expansion and growth trajectory.

Utkarsh Arya wins silver at World Skills Eurasia Competition, Russia

Utkarsh Arya, Trainer, BKCCAD, has won a silver medal for India at the World Skills Eurasia Competition organised in Russia. He was the only Indian candidate to have brought a medal home. Utkarsh, under the mentorship and guidance of Samantha Kochhar, has made the whole Indian Hairdressing Industry and the BKCCAD family proud by competing and winning on a global platform. Samantha Kochhar, Chief Expert for India at WorldSkills India extends her gratitude to the core team for supporting

Krishna Vilasini Bharadwaj joins L’Oreal India

As reports indicate, L’Oreal India has appointed Krishna Vilasini Bharadwaj as its Director – Corporate Affairs & Enagagement. Bharadwaj was formerly associated with Abbott Healthcare where she worked for five years. A communication professional with more than 21 years of experience in public relations, corporate communications and journalism in India and Singapore, Bharadwaj has worked across FMCG, consumer health and wellness and lifestyle verticals with equal focus on new business development and client servicing. She has also led national and regional integrated PR campaigns for leading pharma, FMCG and wellness brands. Bharadwaj has contributed to agencies and media institutions like Genesis Burson – Marsteller, Waggener Edstrom Worldwide, Biospectrum Asia – Cybermedia, Bates 141, Priority Consultants, CyberMedia, and TMG Enter.

Jean-Claude Biguine opens no. 21 at Jio World Drive

Set amid Mumbai’s premium shopping destination is JCB’s 21st salon. What does the salon feature: state-of-the-art hair stations, beauty chambers, a nail bar and a spa lounge, the new Maison De Beaute is a Parisian sanctuary for those looking to indulge in top-of-the-line treatments and pampering therapies. A swanky-new location for all the beauty addicts who can schedule meetups, have coffee dates or enjoy a spa day out, all while experiencing some of the finest hair and beauty services. JCB Salons is synonymous with excellence, expertise and bespoke experiences, and here’s just adding one more to the kitty with many more to come.

MyGlamm joins Unicorn ith $150 million

The Good Glamm Group, the parent firm f direct-to-consumer (D2C) beauty brand yGlamm, is the latest Indian start-up to join he unicorn club. It has raised $150 million in its eries D financing round from Prosus Ventures nd Warburg Pincus. The announcement has ome at a time when MyGlamm was aggressively cquiring brands to broaden its offerings. The tart-up has spent about $270 million in equity and ash in recent months to buy a number of firms hat fit with the start-up’s vision. After acquiring 2C mother and baby care brand The Moms o for over $65 million, the brand is finalising talks o acquire another four brands that it expected o close by the end of this year. A number of 2C brands, especially in beauty and wellbeing paces, have made significant inroads in recent ears. Much of this credit goes to Nykaa for aving the way. The fashion commerce firm, hose IPO was subscribed over 80 times, will begin rading on local Indian exchanges on Wednesday nd is expected to see more than a 50 per cent ump in its final issue price.

RENÉE Cosmetics unleashes the power of makeup with Ileana D’cruz

Cruelty-free Indian makeup brand RENÉE Cosmetics offers an extensive range of high quality beauty products. The makeup range from the brand makes the skin look ravishing all day. Along with Ileana D’cruz, RENÉE as part of its latest campaign showcases that you are all things bold and beautiful, based on the same concept of timeless beauty. True to its name, RENÉE Cosmetics is all about rebirth. Ileana has been vouching for the brand over the years and she exudes confidence and that is precisely the message the brand wants to give out to its esteemed customers through its latest brand film. The most recent brand film depicts Ileana D’Cruz in a fantasy world, where she showcases the key traits of the brand: Empowerment, Confidence and Liberation. The entire agenda behind this brand film is to showcase the core value of the brand – liberation of women, empowering them and instilling the confidence that they can overcome anything.

Veolia to supply L’Oreal with recycled plastic

Reportedly, Veolia will supply cosmetics company, L’Oréal, with recycled plastic to be used in its packaging. As the waste management company has been quoted in news reports, making cosmetic packaging with recycled plastic can avoid between 50-70 per cent of CO2 emissions compared to standard production. As part of the new partnership, Veolia will supply the cosmetics company with plastic processed from recycled consumer packaging, from bottles in particular. This process developed makes it possible to obtain a quality equivalent to that of virgin plastic. The partnership comes ahead of the plastic packaging tax, due to be implemented in April 2022. The tax aims to provide a clear economic incentive for businesses to use recycled plastic material in plastic packaging.

Kiehl’s India takes the ech route to elevate the consultation experience

Kiehl’s India has always recognised new ways to onnect with its consumers, giving them an omnichannel xperience with the best of technology and expert uggestions via the Kiehl’s Customer Representatives. he company has historically provided complimentary kin-care consultations, and its newly launched Healthy kin Assessment Tool will only take it to the next level. This ool has been selected by educational experts at Kiehl’s o provide an assessment of two attributes of healthy kin – the strength of the skin barrier and the hydration f the epidermis. The tool comes with a Kiehl’s designed ustomer-facing app to personalise the experience for he customer. The Healthy Skin consultation experience romotes product trial and repeat engagement with the iehl’s Customer Representative and the store. Overall, he consultation experience with the new HSA tool serves he customers’ needs in a unique, relevant, and modern way while reinforcing what they know and love about the company.

Cosmetic Packaging Market ize will Reach USD 36.15 illion by 2027

Global Cosmetic Packaging Market is expected to reach US$ 36.15 million by 2027 With a Growing CAGR of 3.81 per cent. The packaging industry was estimated to witness a steady growth prior to the pandemic on account of the manufacturing, healthcare, personal care and beauty, and other sectors. The global cosmetic packaging market size was US$ 26.81 million In 2019 and expected to reach US$ 36.15 million by 2027; this converts into a CAGR of 3.81 percent for the forecast period. Increase in demand for cosmetic products, owing to numerous factors such as use of organic ingredients, increase in disposable income, growing consumer consciousness and many more, will drive the cosmetic packaging market forward. Branding, launch of new products and the use of Innovative packaging is attracting more consumers. This will further boost market growth.

Meribindiya International Academy has been awarded the Best

Meribindiya International Academy is a leading and renowned beautician training centre and a name in the industry located in the Delhi/NCR. The students get exceptional training and quality education in the academy by professional beauty experts. This academy has given wings to every young woman who dreamt of becoming a makeup artist and also played a crucial role in their career path. Amid this incredible journey, recently, at the famous National Achievers Award 2021 (NAA), the academy has been awarded the title of the “Best Beauty School” by a brand icon. There are multiple courses that are being run in the academy. The beauty experts impart quality training to the students related to makeup, hairstyle, nail art and many more things. Through practical training, the students get an environment to learn and grow. This is the reason why the placement record of this academy is exceptional, and the students’ post completion

Nutraceutical health and skincare brand I Am Love formulates a solution for all acne hassles

Having acne can be painful and on top of that, it can be uncomfortable to put products on it to minimise its appearance. I Am Love is here to make a scar-free story. Acne [-ve] promises a healthy and acne free skin. I Am Love is one of the very few brands that focuses on nutraceutical rather than pharmaceutical products for your overall healthcare. It offers a wide range of nutrition products for skin and hair, Muscle Growth and overall immunity. Its product Acne [-ve] is born from extensive research and the constant pursuit of developing a Natural Mix that supports skin integrity and diminishes acne formation to make your skin breathe better and look fresh. Speaking about their objective behind the brand, Shilpa Rathi, Founder, I AM LOVE, has said, “Our products help you beat the damage at the cellular levels. The Oil & Acne-Control Organic Mix can deliver game-changing results and I know this because I have tried and tested the product myself. It has definitely helped me with my skin issues and our team is striving to reach out to a larger audience to introduce them to this amazing product.”

Dermalogica signs actor Neha hupia as ambassador for the rand in India

Dermalogica, the prestige professional skin care brand rom the Hindustan Unilever portfolio and the world’s number ne choice of skin care professionals, has roped in leading lm actor, former Miss India, MTV Roadies leader and longime user, Neha Dhupia, as its first-ever brand ambassador. eha has been using Dermalogica in her skin care routine for lmost two decades and was the perfect choice as the face f the brand. Committed to healthy skin while embracing ne’s natural skin type and texture, Neha aligns with the rand’s values. Neha will appear in the digital advertisements f the brand as well as play an active role in Dermalogica ndia’s social media campaigns. Pushkaraj Shenai, Head, roBeauty Brands, Unilever, has said, “Neha has been an rdent Dermalogica user for nearly two decades. She has egularly consulted our team for skin care treatments and olutions. So, when we thought about an ambassador who rusted and lived by the values of Dermalogica, she was the atural choice.”