Latest news with #Bhanusali
Time of India
24-06-2025
- Business
- Time of India
Dhaval Bhanusali: The Indian behind Hailey Bieber's billion dollar beauty play
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel MUMBAI: When US-based model and entrepreneur Hailey Bieber reached an agreement in May to sell her skincare brand Rhode to e.l.f. Beauty for $1 billion, within just three years of founding, it added to the bulging roster of celebrity beauty brands hitting the big league. It also brightened the star of Dhaval Bhanusali , the Indian-American dermatologist behind the brand's formulations, who Martha Stewart , another celebrity he has partnered with, memorably called the 'Willy Wonka of derm".Bhanusali, well known and celebrated in dermatology circles and a sought-after practitioner, says there's an "Indian boom" unfolding in the global beauty market. Commonly used Indian ingredients are finding their way into skincare potions lining department store shelves everywhere."Amla and haldi may be ordinary kitchen essentials on Indian shelves that often double up for skin care routine, but that's exactly what is separating the country from western world when it comes to the global beauty market and its 'discovery' of natural ingredients," said Bhanusali.A mix of amla (Indian gooseberry), haldi (turmeric) have been ingredients in many Indian beauty products for he is referring not just to the use of traditional Indian beauty secrets by cosmetics companies, but also to the increasing muscle of India in the global cosmetic industry, both as a market and also because of the Indian or Indian-origin leaders in their corner Amin, the CEO of e.l.f., is also an Indian-origin have also taken top jobs at global personal care companies. Leena Nair is the global CEO at luxury and beauty brand Chanel, while Priya Nair is the president of Unilever's beauty and wellbeing business.L'Oreal S.A. and Shiseido, two of the world's largest cosmetics companies, as well as consumer goods giants Unilever and Beiersdorf, the maker of Nivea, have all identified India as a key growth driver, citing the country's burgeoning population and growing affinity for beauty products."I hope it inspires the next generation of entrepreneurs and becomes something that is more and more prevalent," added Bhanusali, an Indian American born to Baroda-based Gujarati parents who migrated to the US five decades ago, referring to the influencers-turned-beauty gurus popularising products from cleansers and moisturisers to serums and lotions-with many claimed to be either made with natural ingredients or backed by dermatologists-Bhanusali, the New York-based founder of Hudson Dermatology and Laser, expects rise of Indians in positions of influence in the beauty world."My dream is to see an Indian company, go out to the world, as opposed to just coming into India. So maybe one day, but I think it is coming soon," added Bhanusali. "India shifted so much in the last decade or so. It's really come a long way. I am hopeful that it's continuing to become a global powerhouse."According to Redseer, India's beauty and personal care market is expected to reach $34 billion by 2028, driven by rising disposable incomes, deeper e-commerce penetration and growing consumer openness to new as well as in India, celebrities and influencers have increasingly shifted from brand endorsements to part-financing consumer products firms or start their own brands and help influence reach of 54 million followers on Instagram helped propel Rhode to sales in excess of $200 million in less than three years after she founded India, there are a host of global and digital-first beauty brands and labels, including those launched by celebrities such as Deepika Padukone, Katrina Kaif and Kriti Sanon.
Time of India
21-06-2025
- Entertainment
- Time of India
Meet Dr Dhaval Bhanusali, the Indian dermatologist behind Hailey Bieber's $1 billion skincare brand
Hailey Bieber's skincare brand, Rhode, has been acquired by e.l.f. Beauty for $1 billion. But behind the glamour and headlines lies a story you haven't heard: that of Indian-American dermatologist Dr. Dhaval Bhanusali. A founding team member, formulator, and early believer in Rhode, Dr. Bhanusali played a pivotal role in turning a skincare startup into a billion-dollar brand. In this episode of ET Conversation, Nisha Poddar speaks with Dr. Bhanusali about building Rhode from scratch, the science behind its products, the rising influence of Indian beauty traditions like turmeric and hair oiling, and his personal journey as an immigrant son balancing medicine, entrepreneurship, and global ambition. Show more Show less
