SkinInspired, Not Just Vanilla, Amright, and
Journey of Objects represent a new generation of talent building
the Indian beauty industry
The Estée Lauder Companies’ (NYSE: EL)(“ELC”) New Incubation
Ventures (“NIV”) and NYKAA are pleased to announce the winners for
BEAUTY&YOU India 2024. Created by NIV and launched in
partnership with India’s leading beauty and lifestyle retailer
NYKAA, BEAUTY&YOU India continues its mission to discover,
spotlight, and propel the next generation of India-focused beauty
brands. The 2024 program builds on the success of previous years
with the theme of Supercharged Futures.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241028661723/en/
(From L to R): Piyush Jain, Dr. Prashant
Agrawal, Falguni Nayar, Kritika Rathi, Vijay Sivaraju, Vaishnavi
Maganti, Shana Randhava, Stéphane de La Faverie, William P. Lauder,
Akshay Bawa, Alia Allana, Sumit Bhasin, Rosemin M. Opgenhaffen
(Photo: Business Wire)
This year’s program saw more than 660 applicants from over 50
cities in the categories of skin care, makeup, hair care,
fragrance, and storytelling. The top twelve finalists showcased
concepts ranging from clinically advanced skin care to new
breakthrough innovations in hair care and innovative storytelling
platforms.
Finalists presented to this year’s esteemed jury of fourteen
industry leaders and opinion-makers in a live pitch session at The
Leela Palace in New Delhi. The four winners were announced the same
evening at the finale event with special guests including William
P. Lauder, Executive Chairman, ELC; Stéphane de La Faverie,
Executive Group President, ELC; and Falguni Nayar, Founder,
Managing Director and Chief Executive Officer, NYKAA; along with
the jury – Shana Randhava, Senior Vice President, NIV, ELC; Rohan
Vaziralli, General Manager, ELCA Cosmetics Private Limited; Tarun
Tahiliani, Founder and Director, Tarun Tahiliani; Anaita Shroff
Adajania, Stylist, Creative Director & Founder, Style Cell;
Deepica Mutyala, CEO & Founder, Live Tinted; Shruti Chandra,
Vice President, Invest India and Vice Chair, Women Empowerment,
Europe India Council for Business and Industry (EICBI); Gianandrea
Ferrari, CEO-Europe, Middle East & India, Intercos; Jaffrey
Zaman, Managing Director, Intercos India Private Limited; among
others.
“The winners of BEAUTY&YOU 2024 represent a diverse blend of
creative founders and breakthrough innovation,” said Shana
Randhava, Senior Vice President, NIV, ELC. “Their ideas and vision
truly exemplified innovation, creativity, and entrepreneurial
spirit, representative of beauty’s future. For the third year in a
row, we witnessed some extraordinary concepts and the winners stand
out as pioneers poised to make a significant impact – each bringing
a unique perspective to India’s dynamic beauty landscape. We look
forward to offering mentorship and support to the winners as they
expand their visions, seeking a wider audience both in India and
around the world.”
“As ELC’s lead partner for BEAUTY&YOU since its inception,
NYKAA is deeply committed to nurturing the next generation of
talent within the beauty industry,” said Anchit Nayar, Executive
Director & CEO, NYKAA Beauty. “This year’s BEAUTY&YOU award
winners represent the consumer-centric thinking in India, and we
are proud to support these founders as they build high-quality
brands for the Indian market. At NYKAA, nurturing the next
generation of beauty entrepreneurs is core to our mission of making
beauty accessible to all. We are proud to partner with The Estée
Lauder Companies in this shared vision, as we work together to
empower emerging talent and shape the future of beauty in
India.”
2024 BEAUTY&YOU India Winners
GROW (In-Market Companies)
SkinInspired Piyush Jain, Founder & CEO Dr Prashant Agrawal,
Founder & CPO SkinInspired is a science-backed skin care
company that uses multi-active ingredients that deliver results and
innovative packaging that makes for a seamless user experience.
Instagram: @skininspired.in
IMAGINE (Pre-Market Concepts)
Not Just Vanilla Akshay Bawa, Founder and CEO Kritika Rathi,
Founder and CMO Not Just Vanilla redefines body care with targeted,
results-driven solutions for overlooked areas, empowering consumers
to feel confident and embrace self-love every day. Instagram:
@notjustvanilla.co
Amright Vaishnavi Maganti, Founder Vijay Sivaraju, Co-Founder
Amright combines clinically proven Swiss ingredients with genetic
research on hair to promote female hair regrowth, offering custom
solutions to fullness. Instagram: @amrightindia
CREATE (Creative Storytellers)
Journey of Objects Alia Allana, Founder & Journalist
Seamlessly blending reportage and retail, Journey of Objects is an
e-commerce marketplace that helps embrace sustainability and
preserve the cultural diversity of India through industry research
and thoughtful product curation. Instagram: @journeyofobjects
About BEAUTY&YOU India Since its inception in 2022,
BEAUTY&YOU aims to help founders, innovators and creators grow
their businesses holistically by identifying brand goals, achieving
scale ambitions and curating product portfolios that speak to a new
generation of Indian consumers.
About The Estée Lauder Companies’ New Incubation Ventures
New Incubation Ventures (“NIV”) is the strategic early-stage
investment and incubation arm for The Estée Lauder Companies. NIV
partners with forward-thinking founders and entrepreneurs to
create, fund, and support the best-emerging beauty brands and new
business models to shape the future of beauty and build an
actionable pipeline of diversified brands and new engines of growth
for the ELC portfolio.
About The Estée Lauder Companies Inc. The Estée Lauder
Companies Inc. is one of the world’s leading manufacturers,
marketers, and sellers of quality skin care, makeup, fragrance, and
hair care products, and is a steward of luxury and prestige brands
globally. The company’s products are sold in approximately 150
countries and territories under brand names including: Estée
Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi
Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble,
Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions
de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced,
Dr.Jart+, the DECIEM family of brands, including The Ordinary and
NIOD, and BALMAIN Beauty.
About NYKAA Born out of a desire to make beauty a
mainstream choice, NYKAA began in 2012 as a digitally native,
consumer-tech company. Through founder Falguni Nayar’s vision to
bring inspiration and joy to people everywhere, it tapped into an
underserved beauty retail market, disrupting the ecosystem and
putting India in the global spotlight. Today, NYKAA has expanded
its offerings to include lifestyle and B2B by introducing online
platforms NYKAA Fashion, NYKAA Man and Superstore.
Over the years, NYKAA has steadily captured the hearts of Indian
consumers, ushering visits to its online and 175 offline
destinations and building loyal communities through engaging and
educational content. NYKAA continues to build its house of brands
with a sharp focus on innovation and consumer delight. Beauty
brands such as Kay Beauty, NYKAA Naturals, NYKAA Cosmetics and
Wanderlust along with fashion brands such as Nykd, Gajra Gang,
Likha, RSVP and Pipa Bella have become household names as they
consistently deliver inspiration and high-performing products to
the consumers.
NYKAA’s unwavering commitment to authenticity and putting the
customer at the heart of everything that they do has made it the
retailer of choice for international brands entering India. Its
Global Store, a gateway into the world of coveted international
brands, leverages the company’s proven supply chain and marketing
capabilities to offer a truly seamless shopping experience.
Website: beautyandyouawards.com Instagram:
@beautyandyouawards
ELC-C
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version on businesswire.com: https://www.businesswire.com/news/home/20241028661723/en/
Media Relations: Jill Marvin jimarvin@estee.com
Investor Relations: Rainey Mancini
rmancini@estee.com
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