L'Oreal's ₹4,000 Cr Innovist Buyout to Hand Founders, Backers ₹2,500 Cr+ Payday
L'Oreal's acquisition of D2C beauty brand Innovist at ₹4,000-4,100 crore will deliver ₹1,700-1,800 crore to founders and ₹2,500 crore+ across investors. Sauce VC nets a 10x return at ₹590 crore, ICICI Venture ₹300 crore, Amazon ₹190 crore. Deal eclipses HUL's Minimalist buy.
L'Oreal's ₹4,000-4,100 crore acquisition of Indian D2C beauty brand Innovist will deliver ₹2,500+ crore to founders and investors including Sauce VC, Amazon, ICICI Venture, and Falguni Nayar's family office, surpassing HUL's Minimalist deal.