Gaurav Gupta's healthtech startup, Gabit, has signed Bollywood star Ranbir Kapoor as its brand ambassador to boost consumer engagement. Launched in 2024, Gabit integrates a smart ring with AI-powered coaching, offering personalized wellness plans. With $9.5 million in seed funding, Gabit is expanding into supplements and skincare, already gaining traction with its Minimal Sunscreen.
Founded in 2020 by Soni and Hanna Stromgren Khan, Simply Nam claims to have doubled its customer base over the past year with a 40 per cent returning customer rate and a monthly recurring revenue of Rs 2 crore.
Decathlon plans to significantly increase its sourcing from India, potentially doubling it to 15% of global procurement, following the anticipated India-EU FTA. This shift could revolutionize India's sporting goods production due to eliminated export duties and a shorter lead time to Europe compared to competitors like Vietnam and Bangladesh. Currently, Decathlon sources ₹4,150 crore worth of goods from India.
Colorbar Cosmetics is undergoing a significant transformation with a Rs 200 crore investment to enhance its luxury appeal, aiming for Rs 1,000 crore in sales by fiscal year-end and an IPO in three years. The brand is expanding into new categories like perfumes, men's grooming, and skincare, while also focusing on sustainability with refillable makeup packaging.
Douglas, the German premium beauty retailer, reported a 16% drop in second-quarter adjusted core profit due to weak consumer sentiment, with adjusted EBITDA at 122.4 million euros. Sales fell 2% to 939 million euros, impacted by negative calendar effects and lower traffic.
Tata 1mg is entering a new growth phase with plans to expand offline and raise $300 million in external funding. Backed by Tata Digital, the e-pharmacy’s revenue has tripled since 2021. It’s now pursuing an omnichannel strategy amid rising competition and regulatory challenges in quick medicine delivery.
India and UK free trade agreement will reduce duties on cosmetics. This will lead to more affordable beauty product imports from the UK. Companies like The Body Shop plan to increase imports. Retailers such as Nykaa and Reliance Tira will also benefit. The policy will help meet the growing demand of young Indian consumers.
Skincare brand Deconstruct sees a big jump in revenue, reaching Rs 130 crore. The company is now EBITDA-profitable. This growth is due to high demand and better marketing. Deconstruct plans to reach Rs 500 crore in revenue by FY26. They are focusing on quick commerce and aim to expand globally. The brand will invest in new products and customer engagement.
Mini-sized beauty products are gaining traction in India, driven by affordability, convenience, and the desire for experimentation, particularly among Gen Z. Lakme recognizes the potential of minis to expand make-up usage beyond special occasions, leveraging quick commerce platforms and digital investments to reach consumers.
Founded in 2022 by Keshav Biyani and Prabhu Karthikeyan, Mumbai-based The Good Bug develops probiotic and gut-focused health products targeting digestion, immunity, and metabolic health. It will use the funds to expand R&D efforts in microbiome science and scale clinical trials.
KorinMi, a Korean skincare clinic brand, has raised Rs 3 crore in pre-seed funding led by Vikas Agarwal and other angel investors. The startup plans to expand its clinic network to 25 outlets across major Indian cities and launch a D2C skincare range tailored for Indian skin. With a focus on clinical approach, KorinMi has achieved operational profitability within six months.
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
