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Nykaa’s Hot Pink Sale delivers, Know more news about business world
Public Lokpal
October 07, 2023
Nykaa’s Hot Pink Sale delivers, Know more news about business world
New Delhi : On Friday, Nykaa said its beauty and personal care segment—its largest revenue contributor—saw a 20% rise year-on-year in net sales value in the second quarter of FY24, boosted by its flagship sale that started on July 21.
The beauty ecommerce company added that the festive season is a big driver for lifestyle categories and has witnessed a delay this year. “This shift has a base impact on the Q2 FY24 growth to some extent,” it cautioned investors.
Meanwhile, Ola has ventured into parcel delivery services using electric two-wheelers in Bengaluru, competing with Uber and Swiggy Genie.
Speaking of deliveries, India's third-party logistics sector is poised to benefit from the country's booming D2C market, which is estimated to reach a GMV of $30-35 billion by 2027, predicts a Redseer report.
Moreover, Walt Disney is reportedly in early talks with potential buyers for its streaming and television business in India.
As per Bloomberg, senior executives from the US entertainment giant have gauged the interest of private equity funds. The evaluation comes as Walt Disney explores various options, potentially entailing the sale of a portion of its Indian operations or a combination of unit assets, including sports rights and its regional streaming service Disney+ Hotstar.
