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FSN E-Commerce Ventures raises stake in Dot & Key to 90% for Rs 265 crore

Aug 13, 2024

Acquiring Company

FSN E-Commerce Ventures

Acquired Company

Dot & Key

MumbaiKolkataE CommerceFashionRetailBeautyLifestyleE CommerceFashionBeautyCosmetics

Description

Beauty and fashion platform Nykaa's parent company, FSN E-Commerce Ventures, has announced the acquisition of additional stake in the skincare brand Dot & Key for Rs 265 crore. The additional stake takes FSN E-Commerce Ventures' total shareholding in Dot & Key to 90 per cent, demonstrating a strong commitment to the brand.

Quick answer

FSN E-Commerce Ventures is acquiring Dot & Key, announced August 13, 2024. FSN E-Commerce Ventures is based in Mumbai, Maharashtra, India.

How much did FSN E-Commerce Ventures pay for Dot & Key?
The deal value was not disclosed.
What does FSN E-Commerce Ventures do?
At Nykaa, we share one vision- to bring inspiration and joy to people everywhere, every day.
Where are FSN E-Commerce Ventures and Dot & Key based?
FSN E-Commerce Ventures is based in Mumbai, Maharashtra, India. Dot & Key is based in Kolkata, West Bengal, India.
Who are the decision-makers at FSN E-Commerce Ventures?
Fundz holds 3 contacts at FSN E-Commerce Ventures. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

FSN E-Commerce Ventures

Location

Mumbai, Maharashtra, India

About

At Nykaa, we share one vision- to bring inspiration and joy to people everywhere, every day. Born out of a desire to make beauty a mainstream choice, the Nykaa journey began in 2012 as a digitally native, consumer-tech company. Falguni Nayar’s entrepreneurial leap with Nykaa, tapped into an underserved beauty retail market, disrupting the ecosystem and putting India in the global spotlight. Over the years Nykaa has steadily captured hearts and carts, ushering visits to both our online and 150+ offline destinations and building loyal communities through engaging and educational content. We also expanded our offerings by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore.

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Frequently asked

Who acquired Dot & Key?

Dot & Key was acquired by FSN E-Commerce Ventures, based in Mumbai. The deal was reported on August 13, 2024. At Nykaa, we share one vision- to bring inspiration and joy to people everywhere, every day. FSN E-Commerce Ventures is privately held and operates in E Commerce.

When did FSN E-Commerce Ventures acquire Dot & Key?

FSN E-Commerce Ventures's acquisition of Dot & Key was reported on August 13, 2024. Beauty and fashion platform Nykaa's parent company, FSN E-Commerce Ventures, has announced the acquisition of additional stake in the skincare brand Dot & Key for Rs 265 crore. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Dot & Key do?

Dot & Key is a fruit-forward skincare brand focused on providing high quality skincare products that promise efficacy. The brand ensures all its products are clinically tested and certified safe, according to FSN E-Commerce Ventures. It is privately held, operating in E Commerce, and is based in Kolkata.

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