Bollywood actor Katrina Kaif has invested an undisclosed amount in Nykaa through a secondary transaction. The development comes after Kaif launched her own beauty line, Kay Beauty, on the beauty and ecommerce brand last year.
Commenting on the same, Kaif said, “I was familiar with the company’s growing brand equity and market leadership and becoming an investor is the next logical step in sharing the Nykaa vision. Nykaa has opened new avenues for women to explore and celebrate their own unique idea of beauty.”
Nykaa is an online marketplace for beauty and wellness products. Since 2015, Nykaa has also grown its physical store presence in the country with a current footprint of around 70 stores, housing luxury brands such as Tom Ford, Jo Malone London, Dior and Givenchy. It is looking to expand into 40 more in the coming years.