Nykaa absorbs Earth Rhythm at ₹9.4 Cr; Zepto lines up ₹11,000 Cr IPO by July

Indian startups pulled $92.2 Mn this week. Nykaa's board cleared a 24.2% Earth Rhythm buy for ₹9.4 Cr, taking the clean-beauty D2C label to subsidiary status. Zepto is targeting a ₹11,000 Cr ($1.1 Bn) IPO filing by July 31, while travel-card fintech Scapia led the week with a $63 Mn raise.

Zepto targets ₹11,000 Cr IPO filing by July 31; Nykaa absorbs Earth Rhythm at ₹9.4 Cr as Indian startups raise $92.2 Mn this week.

Inc42 · Buzz · 5/23/2026, 3:31:47 AM · Ask about this →

Zepto + Bombay Banta + Earth Rhythm + Gabit + Meta Fashion + Nykaa + Scapia +