Nykaa To Acquire Majority Stake In D2C Skincare Brand Aminu

Beauty and personal care marketplace Nykaa’s board of directors has approved a 51% stake acquisition of D2C skincare brand Aminu for a cash consideration of up to ₹32 Cr.

As per exchange filings, the transaction is expected to be completed by September 15.

Founded in 2019 by Prachi Bhandari and Aman Mohunta, Aminu retails skincare products including serums, cleaners, sunscreen, masks, moisturisers and other body care products. The startup also offers free skin consultation services.

Its products are priced in a more premium category, a segment where Nykaa is trying to expand in.

Apart from the seven year old business’ premium positioning, Nykaa also seeks to benefit from its strong R&D and omnichannel distribution capabilities.

The bootstrapped-startup reported a revenue of ₹19.4 Cr in FY26, up about 50% YoY from around ₹13 Cr earned in FY25.

As per Aminu’s website, it sources ingredients for its skincare products from over 40 countries, and features over 250 total ingredients across its product portfolio. It also claims to use only clean, skin friendly ingredients, having eliminated almost 3,000 such popular ingredients from its products.

In the past, Nykaa has fully or partially acquired a number of BPC brands to place them under its house of brands. This includes brands like Dot & Key and Earth Rhythm.

Alongside approving the acquisition, Nykaa’s board also cleared the company’s financial performance for the first quarter of FY27. In the quarter, Nykaa reported an over 3X jump in its consolidated net profit for Q1 FY27 to ₹79.8 Cr from ₹24.8 Cr in the year-ago quarter. Meanwhile, its operating revenue jumped 29% YoY and 5% QoQ to ₹2,782 Cr.

The post Nykaa To Acquire Majority Stake In D2C Skincare Brand Aminu appeared first on Inc42 Media.