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Get latest articles and stories on Latest News at LatestLY. Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, is expecting over 30 per cent growth in revenue in the just-ended fiscal 2023, the company said on Wednesday. Latest News | Nykaa Expects over 30 Pc Growth in FY23 Revenue.
Beauty and fashion firm FSN E-Commerce Ventures Ltd., parent of cosmetics-to-fashion retailer Nykaa, is expected to report "stronger" revenue growth, buoyed by its beauty and personal care segment. During the quarter, Nykaa's beauty and personal care categories have seen sustained strong demand. This has been partly aided by the ‘Pink Love’ sale introduced during the quarter, the company said in its quarterly update filed with the bourses.
Pre-listing shareholders' lock-in will open for 33 companies in April-July, creating further volatility, while IPO fund raising almost halved to Rs 52,116 crore in FY23
Mumbai resident Shivam Vahia cannot remember the last time he left home to shop.
Bain & Co estimates that India's online shopping market hit $50 billion in 2022, with an online shopper base of 180-190 million - the third largest in the world after China and the U.S.