Mumbai: The Estée Lauder Companies (ELC) and NYKAA, one of India’s leading omnichannel beauty and lifestyle retailers, announced today the winners for BEAUTY&YOU India. Created by ELC’s New Incubation Ventures and launched in partnership with NYKAA, BEAUTY&YOU India is an award program launched in July 2022, with an aim to discover, spotlight, and propel the next generation of Indian beauty brands.
The ten finalists presented their businesses to a jury of leading industry experts including Katrina Kaif, Actor and Co-Founder, Kay Beauty; Sabyasachi Mukherjee, Founder & CEO, Sabyasachi; Nicola Kilner, Co-Founder & CEO, DECIEM; Deepica Mutyala, Founder & CEO, Live Tinted; Anaita Shroff Adajania, CEO, Style Cell; as well as leaders from The Estée Lauder Companies, NYKAA, Intercos and Sequoia Capital. The finalists represent a variety of concepts ranging from breakthrough product innovation and re-imagining a centuries-old fragrance tradition to emerging consumer categories such as teen beauty, men’s skin care and digital beauty in the metaverse.
The winners, listed below, were announced at an awards evening at St. Regis, Mumbai on November 9, 2022:
IMAGINE Category: $75,000 Prize for pre-launch concepts
- Bahut Beauty
- Sonya Khubchandani De Castelbajac
- Bahut Beauty’s new brand is inspired by India’s ancient historical perfume center at Kannauj – a city in the heart of Uttar Pradesh that is akin to Grasse in France and the lesser known perfume capital of India. Drawing on its venerable tradition, Sonya aims to develop an ethical and thoughtful homegrown brand, Deg & Bhapka (working title), that is experientially driven and celebrates the art and technology of the subcontinent.
GROW Category: $150,000 Prize for in-market businesses
- Skinvest
- Divya Malpani
- Skinvest creates solutions for skin issues like pigmentation, cellulite and dark circles via innovative products that also focus on gender neutrality and mental health advocacy. The brand currently retails 5 products that seamlessly bridge the gap between clinical and cool.
- skinvest.com
COMMUNITY Award: $5,000 Prize for the best community engagement
- YAAN MAN
- Rahul Shah
- As a new-age skincare brand, YAAN MAN is all set to break societal taboos surrounding men and their relationship with skincare and makeup through clean and conscious products that are innovative, derived from nature and engineered for performance.
- yaanman.com
“The debut edition of our program has witnessed stellar response from new and emerging brands,” said Anchit Nayar, Chief Executive Officer, E-commerce Beauty, NYKKA. “From tapping science and nature to impeccable consumer insight, the entries and finalists showed us the immense potential of beauty brands in India who are gearing up to win consumer’s hearts. This is only the beginning of this journey with the new generation of beauty entrepreneurs in India and we are looking forward to building the future of beauty together.”
BWI
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