38.6c New Delhi, India, Thursday, October 31, 2024
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
CelebStreet

Bollywood Actress Katrina Kaif Invests Undisclosed Amount in Nykaa

By Pavitra Shetty      23 October, 2020 06:54 PM      0 Comments
Bollywood Actress Katrina Kaif Invests Undisclosed Amount in Nykaa

Actress Katrina Kaif has signed an agreement to invest an undisclosed amount in Nykaa through a secondary transaction.

About the above investment actress Katrina Kaif said Ive always been an admirer of Falguni Nayars vision and having worked with Nykaa team, have seen firsthand their dedication towards offering customers the very best experience. Nykaa has opened new avenues for women to explore and celebrate their own unique idea of beauty and I am very excited to be a part of their growth journey

She further said Having already been associated with Nykaa through Kay Beauty, I was familiar with the companys growing brand equity and market leadership and becoming an investor is the next logical step in sharing the Nykaa vision

Actress Katrina Kaif had launched her beauty brand Kay Beauty in partnership with Nykaa on October 23, 2019.

Nykaa was founded in 2012 and this beauty and fashion retail now has 5 million monthly active users, 70 stores across India and more than 500 brands and 1, 30,000 products available through its website, app, and stores.

At the beginning of this year, Nykaa had joined the unicorn club after it raised Rs. 100 crores from its existing investor Steadview Capital.

Falguni Nayar is the Chief executive officer and founder of Nykaa.

After the agreement to invest an undisclosed amount in Nykaa by actress Katrina Kaif she said Ive had the pleasure of knowing Katrina and working closely with her for over 3 years now. I admire her work ethic, her understanding of beauty products, and most importantly her vision for building Kay beauty into a brand that enables women to be the best version of themselves. Shed wonderful partner and Im happy this partnership is being further strengthened with her investment in Nykaa.

This agreement of investment has come into the picture after one year of actress Katrina Kaifs partnership with Nykaa for her beauty brand Kay Beauty.



Share this article:



Leave a feedback about this
TRENDING NEWS


TOP STORIES

sc-tells-ncp-led-by-ajit-pawar-to-declare-use-of-clock-symbol-sub-judice
Trending Judiciary
SC tells NCP led by Ajit Pawar to declare use of Clock symbol sub judice

SC directs Ajit Pawar-led NCP to declare ‘Clock’ symbol use as sub judice in all election materials, pending final court ruling on its rightful ownership.

25 October, 2024 11:12 AM
justice-sanjiv-khanna-to-take-oath-as-chief-justice-of-india-on-nov-11-2024
Trending Legal Insiders
Justice Sanjiv Khanna to take oath as Chief Justice of India on Nov 11, 2024 [Read Notification]

Justice Sanjiv Khanna appointed as the 51st Chief Justice of India, succeeding CJI Chandrachud, with a tenure starting on November 11, 2024.

25 October, 2024 11:17 AM
sc-grants-bail-to-businessman-in-delhi-liquor-policy-scam-case
Trending Judiciary
SC grants bail to businessman in Delhi liquor policy scam case

Supreme Court grants bail to businessman Amandeep Singh Dhall in Delhi liquor policy scam case, noting the lengthy trial process with over 300 witnesses.

25 October, 2024 04:11 PM
sc-dismisses-ex-jharkhand-cms-plea-for-suspension-of-conviction-to-allow-him-contest-assembly-polls
Trending Judiciary
SC dismisses ex Jharkhand CM's plea for suspension of conviction to allow him contest Assembly polls

The Supreme Court rejects ex-Jharkhand CM Madhu Koda’s plea to stay his conviction, barring him from contesting the upcoming Assembly elections.

25 October, 2024 05:10 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email