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In this issue

2021 has started with a bang as an Indian startup entered the Unicorn Club and Nykaa, the Indian beauty e-tailer reportedly announcing its plans to go public by the end of 2022 at a valuation of USD 3 Bilion or more. Not just that, Enrich Salons, India’s most leading salon chain recently appointed Vivek Bali as CEO. Vivek brings a huge FMCG experience thats likely to catapult the company into a league of its iown in India. Does that imply the cosmetic industry, as a whole, is thriving in India? We will be back with a deeper evaluation soon.

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