FSN E-Commerce Ventures’ board has approved the proposal of investment by Nessa International Holdings (Nessa International), a subsidiary of the Company into Nysaa Beauty LLC, a wholly owned subsidiary of Nessa International, for first investment of an amount up to $2.5 million in one or more tranches.
The Fundraise & Investment Committee of the Board of Directors of the FSN E-Commerce Ventures on February 01, 2024, has approved the same. Nessa International is making its first strategic investment in Nysaa Beauty LLC, for operational support. The investment is expected to be completed by March 31, 2024.
FSN E-Commerce Ventures (Nykaa) is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by it.
