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Nykaa and L’Oréal’s BOLD to Invest in Indian Beauty Startups
Nykaa and L’Oréal are teaming up to support young beauty and wellness companies in India.
L’Oréal’s investment group is called BOLD.
Together, they plan to buy small parts of promising startups.
The founders of those startups will still make the main decisions and own their businesses.
The startups may also receive advice, industry knowledge and help reaching customers.
Nykaa brings its shopping platforms, stores and understanding of Indian consumers.
L’Oréal brings global beauty experience and connections.
The companies have not said how much money they will invest or which startups will receive it.
Nykaa and L’Oréal’s venture capital arm, BOLD, will jointly invest in Indian beauty, personal care and wellness startups.
The partners will take minority stakes while founders retain ownership and operational control.
Selected startups will receive capital, mentorship, industry expertise and access to both companies’ networks.
The investment size, committed corpus, potential recipients and timing of the first investments were not disclosed.
The partnership builds on more than a decade of collaboration between Nykaa and L’Oréal in India.
- Who
- Nykaa and L’Oréal’s corporate venture capital arm, BOLD.
- What
- A partnership to invest in Indian beauty, personal care and wellness startups through minority stakes.
- Where
- India.
- When
- The partnership was announced; the articles do not specify when the first investments will be made.
- Why
- To help promising consumer brands scale by combining capital, mentorship, retail access, distribution and global beauty expertise.
Key facts
- Investment focus
- Indian beauty, personal care and wellness startups
- Investment structure
- Minority stakes
- Founder role
- Founders retain ownership and operational control
- L’Oréal venture arm
- BOLD, or Business Opportunities for L’Oréal Development, established in 2018
- Support offered
- Capital, mentorship, industry expertise, consumer insights, distribution and network access
- Investment details
- The investment size and committed corpus were not disclosed
- Existing relationship
- Nykaa and L’Oréal have worked together in India for more than a decade
Quotes
Jacques Lebel
Managing director of L’Oréal India
“India is one of the most exciting beauty markets in the world”
financialexpress.com
Anchit Nayar
Executive director and chief executive officer of Nykaa Beauty
“Nykaa and L’Oréal have been large partners in India for over a decade”
financialexpress.com
Sources
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