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Are cosmetics on Flipkart fake?
In the case of product reviews on Flipkart, always look for Certified Buyer reviews as these have been contributed by verified buyers of the product. If the listed products have positive reviews left by Certified Buyers, you can rest assured that they are not fake products.
Is Nykaa making profit?
Nykaa’s consolidated net profit of Rs 1.2 crore for the quarter ending September, 2021, is down 95\% from Rs 27 crore reported in the same quarter last year and 69 per cent, compared with the June quarter. Our first half losses last year were Rs 25 crore and second quarter last year was just Rs 4.7 crore of profit.
What does F assured mean?
Under F-Assured, Flipkart will promise improved delivery service and a stricter quality check of products, among other things, according to two people familiar with the company’s plans. It will replace an existing programme called Flipkart Advantage and be free to customers.
Is Nykaa Indian brand?
Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012 and headquartered in Mumbai. It sells beauty, wellness and fashion products across websites, mobile apps and 76 offline stores.
Is Nykaa a loss making company?
In its first earnings report following the blockbuster market debut, Nykaa late on Sunday reported a consolidated net profit of 11.7 million rupees ($157,306.69) for the September quarter, compared with 274.7 million rupees a year earlier. Nykaa’s shares pared some losses to trade 3\% lower at 2,287.90 rupees.
Is it wise to invest in Nykaa?
Now given the strong fundamental, the stock is certainly a buy and here we would point out what analysts suggest on Nykaa counter. Profit booking in the counter of Nykaa is expected to prolong for some more time and it can take the scrip to price levels between Rs. 2000-1800 levels.
Is Flipkart Indian?
Flipkart is an Indian e-commerce company, headquartered in Bangalore, Karnataka, India, and incorporated in Singapore as a private limited company. In August 2018, U.S.-based retail chain Walmart acquired a 77\% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around $20 billion.
Is Amazon bigger than Flipkart?
As India’s largest e-commerce platform, Walmart-owned Flipkart has gone toe-to-toe with Amazon. According to Forrester Research, by October 2020, Flipkart had 31.9\% market share — making it the largest online retailer in India. Meanwhile, Amazon India is slightly behind in second, with a 31.2\% market share.
What is Flipkart not assured?
A Flipkart Assured badge is not an entitlement or a privilege. Neither is it available to select customers or select sellers. A product is eligible to earn the Flipkart Assured badge only if it passes extensive checks on seller and product quality as well as availability of faster shipping.
Why is nynykaa so popular in India?
Nykaa has recently started collaborating and introducing Non-Indian brands like HUDA Beauty, Kiko Milano, Wet and Wild, etc which is an achievement in itself. This has made Nykaa the hoarding spot for all the makeup enthusiasts who can now get their hands on the products which were not available in India earlier.
What is Nykaa Luxe?
The Luxe format features Indian and international luxury beauty brands along with Nykaa Beauty, the in-house collection of beauty products. The latter format has products curated by category basis their popularity. In 2015, Nykaa launched its collection of in-house beauty products.
What is Nykaa’s valuation?
Omnichannel beauty and lifestyle retailer, Nykaa, has raised ₹100 crores from existing investor Steadview Capital, as a primary investment. With this fundraise, Nykaa’s valuation is pegged at around $1.2 billion.
Is Nykaa a good startup to invest?
The discounts available on Nykaa have saved a lot of pence many times. If we compare the retail price to the price at which it is available on the website, It usually has a significant difference, hence increasing its customer base again. In other words, Nykaa has proven to be one of the best startups.