Latest news with #India-focused
Mint
3 days ago
- Business
- Mint
The Estée Lauder Companies' New Incubation Ventures Launches Fourth Edition of BEAUTY&YOU India
Mumbai, Maharashtra, India – Business Wire India The Estée Lauder Companies Inc. (NYSE: EL) (ELC) today announced the launch of the fourth edition of BEAUTY&YOU India, an initiative designed to discover and propel the next generation of India-focused beauty entrepreneurs. Created by New Incubation Ventures, the company's early-stage investment and incubation arm, the program offers financial support and industry expertise to entrepreneurs shaping the future of skin care, makeup, hair care, and fragrance in India. Under the theme Beauty Frontiers, the program celebrates bold ideas and the emerging talent reimagining the future of beauty in India. Applications are now open through August 24, 2025, at Nykaa, the pioneer of India's beauty revolution, returns this year as lead partner, reaffirming its role as the driving force behind the country's evolving beauty narrative. Over the past decade, Nykaa has redefined how India discovers, experiences, and embraces beauty, while playing a pivotal role in spotlighting Indian beauty on the global stage. This year's program also features Startup India following the launch of its partnership with ELC through a Memorandum of Understanding with the Government of India's Department for Promotion of Industry and Internal Trade (DPIIT) – the first-of-its-kind between a global beauty company and Startup India. The partnership reflects a shared commitment to supporting Indian entrepreneurs and women-founded startups. Advancing Innovation & Entrepreneurship in India Nadine Graf, President, Europe, UK & Ireland, and Emerging Markets, The Estée Lauder Companies, said: 'India continues to inspire—not only as a dynamic beauty market, but as a global force for innovation and bold entrepreneurship. Through BEAUTY&YOU India, we have seen firsthand how ideas rooted in culture and courage can shape the future of beauty. This year, I am especially proud that the program will launch a new Visionary Women's Award—a tribute to the ambition, ingenuity, and leadership of women founders. Supporting them is more than an opportunity: it's a responsibility we embrace with purpose.' Shri Sanjiv Singh, Joint Secretary, DPIIT, said: 'Our collaboration with The Estée Lauder Companies underscores the role of public-private partnerships in advancing innovation and strengthening India's startup ecosystem. Building on the program's success, we are pleased to extend Startup India's support to BEAUTY&YOU India 2025 and help create new opportunities for emerging entrepreneurs.' Shaping India's Beauty Ecosystem Falguni Nayar, Executive Chairperson, MD & CEO of Nykaa, commented: 'At Nykaa, we've spent over a decade shaping India's beauty ecosystem, from discovery to distribution, and from consumers to creators. As lead partner for BEAUTY&YOU India 2025, we are proud to extend that ecosystem to early-stage founders through a program designed to transform bold ideas into scalable, future-facing brands. In collaboration with The Estée Lauder Companies, this initiative offers the resources, network, and credibility needed to empower the next generation of beauty entrepreneurs.' Rohan Vaziralli, General Manager, The Estée Lauder Companies, India, added: 'BEAUTY&YOU India reflects our ambition to not just participate in, but actively shape the future of beauty in India. With the support of Startup India and DPIIT, this platform has become a national engine for beauty entrepreneurship—grounded in cultural insight, commercial potential, and inclusive innovation.' Expanded Prize Program & New Visionary Women's Award Winners will receive financial support from a prize pool of up to $500,000 and earn recognition across four award categories: GROW : Best in-market beauty brands. : Best in-market beauty brands. IMAGINE : Best pre-launch beauty concepts. : Best pre-launch beauty concepts. BREAKTHROUGH : Leading innovations in beauty, such as new product technologies and business model innovations such as ingredients, AI, and sustainability. : Leading innovations in beauty, such as new product technologies and business model innovations such as ingredients, AI, and sustainability. VISIONARY WOMEN'S AWARD: Inspired by ELC's legacy as a beauty company founded by a trailblazing woman, this award, new in 2025 and presented with Startup India, will recognize the innovation and impact of outstanding women entrepreneurs. Along with monetary awards, winners receive support and promotion, including: One-on-one mentorship from global beauty and business leaders. from global beauty and business leaders. Brand-building and distribution support through Nykaa's powerful ecosystem, spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network. support through Nykaa's powerful ecosystem, spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network. National visibility and strategic opportunities through Startup India, including participation in Startup Mahakumbh, the world's largest startup event. BEAUTY&YOU India 2025 seeks applicants whose deep cultural insights and use of new technologies or formulations meet the evolving needs of Indian beauty consumers. Since its launch in 2022, the program has become a powerful platform—receiving more than 1,500 applications from 150+ cities in India and around the world, with the majority from women entrepreneurs. Finalists for this year's program will be announced in September and invited to present their concepts to a panel of industry experts this October in Mumbai. The Estée Lauder Companies is a leading prestige beauty company in India. Over the past 20 years, ELC has launched 14 brands locally across makeup, skin care, hair care, and fragrance. The company is committed to supporting rising brands, businesses, and talent in India through innovative programs and its strategic investment in Mountain Valley Springs India Private Limited, the parent company of Forest Essentials, India's foremost luxury Ayurvedic skin care brand. Through BEAUTY&YOU India, ELC, and partners including Nykaa and Startup India, continues to champion innovation, elevate entrepreneurship, and shape the future of beauty. Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
Business Standard
18-07-2025
- Business
- Business Standard
The Estee Lauder Companies' New Incubation Ventures Launches Fourth Edition of BEAUTY & YOU India
BusinessWire India Mumbai (Maharashtra) [India], July 18: The Estee Lauder Companies Inc. (NYSE: EL) (ELC) today announced the launch of the fourth edition of BEAUTY & YOU India, an initiative designed to discover and propel the next generation of India-focused beauty entrepreneurs. Created by New Incubation Ventures, the company's early-stage investment and incubation arm, the program offers financial support and industry expertise to entrepreneurs shaping the future of skin care, makeup, hair care, and fragrance in India. Under the theme Beauty Frontiers, the program celebrates bold ideas and the emerging talent reimagining the future of beauty in India. Applications are now open through August 24, 2025, at Nykaa, the pioneer of India's beauty revolution, returns this year as lead partner, reaffirming its role as the driving force behind the country's evolving beauty narrative. Over the past decade, Nykaa has redefined how India discovers, experiences, and embraces beauty, while playing a pivotal role in spotlighting Indian beauty on the global stage. This year's program also features Startup India following the launch of its partnership with ELC through a Memorandum of Understanding with the Government of India's Department for Promotion of Industry and Internal Trade (DPIIT) - the first-of-its-kind between a global beauty company and Startup India. The partnership reflects a shared commitment to supporting Indian entrepreneurs and women-founded startups. Link- Advancing Innovation & Entrepreneurship in India Nadine Graf, President, Europe, UK & Ireland, and Emerging Markets, The Estee Lauder Companies, said: "India continues to inspire--not only as a dynamic beauty market, but as a global force for innovation and bold entrepreneurship. Through BEAUTY & YOU India, we have seen firsthand how ideas rooted in culture and courage can shape the future of beauty. This year, I am especially proud that the program will launch a new Visionary Women's Award--a tribute to the ambition, ingenuity, and leadership of women founders. Supporting them is more than an opportunity: it's a responsibility we embrace with purpose." Shri Sanjiv Singh, Joint Secretary, DPIIT, said: "Our collaboration with The Estee Lauder Companies underscores the role of public-private partnerships in advancing innovation and strengthening India's startup ecosystem. Building on the program's success, we are pleased to extend Startup India's support to BEAUTY & YOU India 2025 and help create new opportunities for emerging entrepreneurs." Shaping India's Beauty Ecosystem Falguni Nayar, Executive Chairperson, MD & CEO of Nykaa, commented: "At Nykaa, we've spent over a decade shaping India's beauty ecosystem, from discovery to distribution, and from consumers to creators. As lead partner for BEAUTY & YOU India 2025, we are proud to extend that ecosystem to early-stage founders through a program designed to transform bold ideas into scalable, future-facing brands. In collaboration with The Estee Lauder Companies, this initiative offers the resources, network, and credibility needed to empower the next generation of beauty entrepreneurs." Rohan Vaziralli, General Manager, The Estee Lauder Companies, India, added: "BEAUTY & YOU India reflects our ambition to not just participate in, but actively shape the future of beauty in India. With the support of Startup India and DPIIT, this platform has become a national engine for beauty entrepreneurship--grounded in cultural insight, commercial potential, and inclusive innovation." Expanded Prize Program & New Visionary Women's Award Winners will receive financial support from a prize pool of up to $500,000 and earn recognition across four award categories: * GROW: Best in-market beauty brands. * IMAGINE: Best pre-launch beauty concepts. * BREAKTHROUGH: Leading innovations in beauty, such as new product technologies and business model innovations such as ingredients, AI, and sustainability. * VISIONARY WOMEN'S AWARD: Inspired by ELC's legacy as a beauty company founded by a trailblazing woman, this award, new in 2025 and presented with Startup India, will recognize the innovation and impact of outstanding women entrepreneurs. Along with monetary awards, winners receive support and promotion, including: * One-on-one mentorship from global beauty and business leaders. * Brand-building and distribution support through Nykaa's powerful ecosystem, spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network. * National visibility and strategic opportunities through Startup India, including participation in Startup Mahakumbh, the world's largest startup event. BEAUTY & YOU India 2025 seeks applicants whose deep cultural insights and use of new technologies or formulations meet the evolving needs of Indian beauty consumers. Since its launch in 2022, the program has become a powerful platform--receiving more than 1,500 applications from 150+ cities in India and around the world, with the majority from women entrepreneurs. Finalists for this year's program will be announced in September and invited to present their concepts to a panel of industry experts this October in Mumbai. The Estee Lauder Companies is a leading prestige beauty company in India. Over the past 20 years, ELC has launched 14 brands locally across makeup, skin care, hair care, and fragrance. The company is committed to supporting rising brands, businesses, and talent in India through innovative programs and its strategic investment in Mountain Valley Springs India Private Limited, the parent company of Forest Essentials, India's foremost luxury Ayurvedic skin care brand. Through BEAUTY & YOU India, ELC, and partners including Nykaa and Startup India, continues to champion innovation, elevate entrepreneurship, and shape the future of beauty.
News18
16-07-2025
- Automotive
- News18
Eknath Shinde Drives Tesla Car After Musk's Company Opens First Showroom In Mumbai
Deputy Chief Minister Eknath Shinde tried his hands on a Tesla car, a day after the American company officially unveiled its first showroom in India. Maharashtra Deputy Chief Minister Eknath Shinde on Wednesday took a ride in the Tesla car outside the Vidhan Bhavan in Mumbai, a day after the Elon Musk-owned American company marked its official entry into the Indian market with the launch of its first showroom in the city. Amid the crowd of reporters and officials on both sides of the car, Shinde experienced the ride as he drove the car slowly on the premises. #WATCH | Maharashtra Dy CM Eknath Shinde took a ride in the Tesla car outside the Vidhan Bhavan in marked its official entry into the Indian market with the launch of its first showroom in Mumbai yesterday. — ANI (@ANI) July 16, 2025 Tesla officially entered Indian market on Tuesday with the opening of its first showroom at Maker Maxity Mall in Mumbai's Bandra Kurla Complex. Maharashtra Chief Minister Devendra Fadnavis attended the inauguration ceremony and said that the American company chose the 'right city and state". 'This is more than just an inauguration — it's a statement that Tesla has chosen the right city and state," said the Maharashtra Chief Minister. Tesla revealed the prices for its electric vehicles, stating that Model T's on-road price will be listed at Rs 61 lakh. The rear-wheel drive version will cost Rs 59.89 lakh. Last Friday, Tesla had hinted at the launch of the showroom through a teaser post on its India-focused X handle: 'Coming soon", it wrote, along with a graphic suggesting its planned debut in July this year. India recently announced its EV policy, which reduces import duties and gives incentives for global electric vehicle manufacturers. This may further support Tesla as it marked its first presence in the Indian market. Industry experts say Tesla has already brought in its first batch of cars to India — reportedly Model Y rear-wheel drive SUVs made at its China factory. Last month, the company leased 24,565 square feet of warehouse space at Lodha Logistics Park in Mumbai for five years. view comments First Published: July 16, 2025, 14:32 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
16-07-2025
- Business
- Hans India
Wise opens office in Hyd as part of global expansion
Hyderabad: Global fintech company Wise, known for revolutionising cross-border money movement and management, marked a significant milestone with the official opening of its new full-stack office in Hyderabad. The occasion was celebrated with a visit from the company's Asia-Pacific (APAC) leadership team, underscoring the strategic importance of India in Wise's global growth roadmap. Since initiating hiring in April, the Hyderabad office has rapidly scaled to a 70-member team, spanning engineering, operations, and people functions. Leading the charge is Smrithi Ravi, Wise's APAC Head of Engineering, who recently relocated from the company's Singapore hub. With over six years at Wise, Smrithi Ravi has played a key role in expanding the company's product offerings across the region. Wise is planning to continue hiring hundreds more in Hyderabad over the coming years, targeting roles in product, engineering, and operations. The Hyderabad team is expected to contribute to both India-focused innovations and Wise's broader international roadmap. 'Everything we build at Wise starts with customer needs,' said Ravi. 'Our time in Hyderabad this week allowed us to speak directly with customers and gather insights to help shape the future of global money movement. We're excited to bring these ideas to life with our growing team here.' India has long been central to Wise's operations. The company began serving the Indian diaspora in 2013 by enabling inward remittances and launched fast international transfers from India in 2021. Most recently, it introduced international account details for Indian businesses and freelancers, allowing them to receive payments in eight foreign currencies without relying on costly wire transfers. Richa Dirani, APAC Head of Talent, added, 'The talent pool in Hyderabad is exceptional. It's clear this city is the right place for us to build a strong, sustainable hub.' Wise is one of the world's fastest-growing, profitable fintech companies. In fiscal year 2025, it supported 15.6 million people and businesses, processed approximately £145.2 billion in cross-border transactions, and helped customers save over £2 billion.
News18
15-07-2025
- Automotive
- News18
Tesla Entry In India: Anand Mahindra Has A Message For Elon Musk
Last Updated: Anand Mahindra welcomed Tesla's India entry with its first showroom in Mumbai. Mahindra Group chairman Anand Mahindra has welcomed Elon Musk for Tesla's entry in India after it launched the first showroom in Mumbai. In the X post, Mahindra said, 'one of the world's largest EV opportunities just got more exciting". He further added that competition drives innovation, stating that there's plenty of road ahead. Tesla has made its long-awaited debut in India with the opening of its first showroom in Mumbai's Bandra Kurla Complex (BKC) today. This marks the beginning of Tesla's official journey in one of the world's fastest-growing electric vehicle (EV) markets. Maharashtra Chief Minister Devendra Fadnavis attended the inauguration and expressed hope about Tesla's future plans for electric vehicle manufacturing and Research and Development in India. 'We hope that Tesla will also plan a manufacturing plant and a Research and Development unit in India as well," said Fadnavis during his address at the launch event. 'This is more than just an inauguration — it's a statement that Tesla has chosen the right city and state," said the Maharashtra Chief Minister. The company has also revealed the prices for its electric vehicles, with the Model Y's on-road price listed at Rs 61 lakh. The rear-wheel drive version is priced at Rs 59.89 lakh. Last Friday, Tesla had hinted at the launch through a post on its India-focused X account, stating 'Coming soon," along with a graphic suggesting its planned debut in July 2025. India's recently announced EV policy, which includes reduced import duties and incentives for global electric vehicle manufacturers, may further support Tesla as it entered the market. Tesla is expected to open up another showroom later this month in Delhi's aerocity. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
