Collaboration with L'Oréal's Venture Fund BOLD to Invest in Indian Beauty Brands
Nykaa and BOLD, L'Oréal's corporate venture capital fund, announced a collaboration to jointly invest in high-growth Indian beauty and personal care brands.
By ScoutQuest · · 1 min read
- Customer base
- over 60 million customers (as of 30 June 2026)
- Offline beauty destinations
- 324 offline beauty destinations (as of 30 June 2026)
- L'Oréal 2025 sales
- 44.05 billion euros
- L'Oréal employees
- more than 95,000 employees
- L'Oréal international brands
- 40 international brands
What was announced
Nykaa and BOLD (Business Opportunities for L'Oréal Development), the corporate venture capital fund of L'Oréal, announced a collaboration to jointly invest in the next generation of high-growth Indian beauty and personal care brands.
How it will work
- Both will take minority stakes in emerging Indian beauty and wellness brands with strong consumer traction.
- Investments are described as purely financial and minority; founders retain full ownership control and continue running their businesses with their own teams and creative direction.
- Beyond capital, the partners intend to offer mentorship, guidance, L'Oréal's global beauty expertise and Nykaa's omnichannel retail network.
Context from the release
- BOLD was launched in 2018 and invests across the beauty value chain in two verticals: Beauty and Wellness Brands, and Science and Tech for beauty.
- L'Oréal generated sales of 44.05 billion euros in 2025, with more than 95,000 employees and 40 international brands.
- Nykaa states it has served over 60 million customers (as of 30 June 2026) and operates 324 offline beauty destinations (as of 30 June 2026).
What investors may note
The announcement sets out an intent to invest together; specific brands, deal sizes or timelines are described in general terms only. Nykaa's executives frame it as an extension of a decade-long working relationship with L'Oréal in India. The perception it can create is of Nykaa broadening its role from retailer and house-of-brands operator to also being a minority investor alongside a global beauty major.
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15 Oct 2026
Nykaa reported strong provisional updates with fashion business growing over 40%, stock gained considerably
6 Oct 2026
More numbers
- L'Oréal 2025 sales44.05 billion euros
- L'Oréal employees95,000
- L'Oréal international brands40
- Nykaa customers served (as of 30 June 2026)over 60 million customers
- Nykaa offline beauty destinations (as of 30 June 2026)324
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