The startup's growth comes on the back of a 10-11% annual growth rate in India's $20-billion beauty and personal care market, which is the fastest in the world, as per a report by Redseer and Nykaa.
In FY24, Renee Cosmetics managed to double its revenue from operations to ₹191.7 crore in its fourth year of business, while losses widened 88% to ₹61.5 crore, mainly because of over ₹100 crore of advertising and promotional expenses.
Denne historien er fra January 06, 2025-utgaven av Financial Express Ahmedabad.
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Denne historien er fra January 06, 2025-utgaven av Financial Express Ahmedabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Golden Globes: The Brutalist, Emilia Perez Grab Top Honors
More students likely getting jobs independently
Top IITs See a Drop in Campus Placements
● More students likely getting jobs independently
US set to lift curbs on Indian nuclear entities
EYEING DEEPER ENERGY TIES
ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
Eight jawans among 9 killed in Naxal attack
VEHICLE BLAST IN CHHATTISGARH
Banks, NBFCs see hit to...
THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.
Cautious outlook for auto companies in Q3
No segment shows growth except tractors
Banks: Slower loan growth a worry
Asset quality concerns ease
