Serving more than 60 million active customers across its digital platforms and a national retail footprint of over 320 physical stores, Nykaa will combine local commercial power with BOLD's international resources. The joint platform is structured to provide selected brands with strategic growth capital, executive mentorship, and direct access to L’Oréal’s global product development, formulation, and supply-chain capabilities.
By integrating L’Oréal’s scientific expertise with Nykaa’s extensive retail and fulfillment infrastructure, the alliance aims to help homegrown Indian founders scale faster domestically and build brands competitive in the global market.
Executive Statements
Jacques Lebel (Managing Director, L'Oréal India):
India is one of the most exciting beauty markets in the world, and its energy comes both from an expanding base of demanding consumers with rapidly evolving needs and from its ecosystem of tremendous entrepreneurs. Through BOLD and this partnership with Nykaa, we want to stand behind that talent, backing founders with capital, mentorship, and L'Oréal's beauty expertise, while leaving them free to build their brands their way.
Anchit Nayar (Executive Director and CEO, Nykaa Beauty):
Nykaa and L'Oréal have been partners in India for over a decade, working together on our shared vision of making India into one of the world's largest and fastest-growing beauty markets. Combining our strong consumer ecosystem, deep retail network, and wide distribution with L’Oréal’s global beauty expertise will be an invaluable asset to the next generation of founders looking to build consumer brands India can be proud of.
