Mid-market private equity firm Lighthouse Funds, which counts Nykaa, Fabindia, Duroflex and Wow! Momo among its portfolio firms, is set to place its maiden bet ..
Trendyol, the Turkish e-commerce company owned by internet giant Alibaba will delist its products on Reliance Ajio and Nykaa, opting instead to exclusively sell through Myntra in India. Having launched in the second half of 2022 in India, Trendyol has been operating across all three platforms until this decision.
Nykaa reported a 106 per cent year-on-year (YoY) surge in net profit at Rs 17.50 crore on 22 per cent YoY rise in sales at Rs 1,788.80 crore for the December quarter.