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.