Nykaa and L’Oréal’s venture fund BOLD join hands to invest in Indian beauty startups

"Beauty and fashion retailer Nykaa has partnered with BOLD (Business Opportunities for L"Oréal Development), the corporate venture capital fund of global beauty giant L"Oréal, to jointly invest in emerging Indian beauty and personal care brands. The collaboration will focus on high-growth beauty and wellness startups with strong consumer traction and differentiated offerings, according to Nykaa"s regulatory filing with the stock exchanges. Under the partnership, Nykaa and BOLD will acquire minority stakes in emerging brands through financial investments. The founders will…