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Introducing BEAUTY&YOU 2023: Supporting The Next Generation Of Indian Beauty Entrepreneurs and Creators
Press Release, Jun 7, 2023
Created by ELC’s NIV and launched in partnership with NYKAA, BEAUTY&YOU expands program with new prize categories and releases a report entitled ‘Decoding the Indian Beauty Landscape’ offering key insights for the Indian beauty market
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Introducing BEAUTY&YOU 2023: Supporting The Next Generation Of Indian Beauty Entrepreneurs and Creators
The 2022 debut of the program witnessed stellar response from new and emerging brands. With over 300 entries across 50 Indian cities, the application pool included a multitude of beauty brands across categories – skin care, hair care, fragrance and color cosmetics. For more details on the 2022 winners, please visit beautyandyouawards.com.
“With a higher degree of consumer awareness than ever and an influx of options unlike anything that the market has seen,
Entitled “Decoding the India Beauty Landscape,” the report developed by BEAUTY&YOU in partnership with 1Lattice – a
“Having played a critical role in building India’s beauty landscape over the last decade, we are excited to discover and enable homegrown brands to scale and realize their full potential by sharing our knowledge and distinct retail expertise. NYKAA and The Estée Lauder Companies were born out of an entrepreneurial vision. The opportunity to give back to the vibrant Indian entrepreneurial ecosystem makes BEAUTY&YOU a truly special program,” said Anchit Nayar, Executive Director & CEO, NYKAA Beauty.
The 2023 program introduces two new awards to broaden the reach of the initiative. Scientists and labs, photographers, and filmmakers, key members of the beauty ecosystem, are invited to apply alongside beauty company founders.
2023 Prize Program
The following prizes are open to founders, companies, and creatives meeting specific application criteria available: www.beautyandyouawards.com/application-criteria. The awards will be presented across categories in Skin Care, Make Up, Hair Care, Personal Fragrance, and Home Fragrance:
- IMAGINE: Pre-launch beauty concepts
- GROW: In-market beauty concepts
- BREAKTHROUGH: Innovation in active ingredients that address key issue areas for the Indian consumer
- CREATE: The next generation of creative talent (e.g., photographers, filmmakers etc.) submitting work around the theme of ‘Experiential Beauty in India’
In addition, the program will have two Jury Prizes awarded to the brand with the most community support and the brand demonstrating the most innovative Corporate Social Responsibility (CSR) programming.
Among other resources, BEAUTY&YOU provides award recipients with financial support (prize pool up to
“The BEAUTY&YOU Awards have been a game-changer for Skinvest and the ongoing support and guidance we receive from the ELC and NYKAA teams [has] been instrumental in our growth,” said 2022 GROW Prize winner and Skinvest Founder Divya Malpani. “The program has not only accelerated our success but also allowed us to learn from industry gurus, connect with fellow leading founders, and strengthen our vision for the future. I am immensely grateful to ELC and NYKAA for establishing BEAUTY&YOU in India.”
The BEAUTY&YOU website and application portal go live June 7, 2023, and will accept applications until August 5, 2023, 11:59PM IST. Full program details are available at www.beautyandyouawards.com.
About BEAUTY&YOU
BEAUTY&YOU aims to help founders, innovators and creators grow their businesses holistically by identifying brand goals, achieving scale ambitions and curating product portfolios that speak to a new generation of Indian consumers.
About The Estée Lauder Companies’ New Incubation Ventures
New Incubation Ventures (“NIV”) is the strategic early-stage investment and incubation arm for The Estée Lauder Companies. NIV partners with forward-thinking founders and entrepreneurs to create, fund, and support the best-emerging beauty brands and new business models to shape the future of beauty and build an actionable pipeline of diversified brands and new engines of growth for the ELC portfolio.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of outstanding luxury and prestige brands globally. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN
About NYKAA
Nykaa (FSN E-Commerce) was founded in 2012 by Indian entrepreneur Falguni Nayar with a vision of bringing inspiration and joy to people, everywhere, every single day. Derived from the Sanskrit word ‘Nayaka’, meaning one in the spotlight, Nykaa has emerged as one of India’s leading lifestyle-focused consumer technologies platforms. Since its launch, Nykaa expanded its product categories by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore. With a wide assortment of 6000+ brands, today Nykaa is the preferred destination for millions of customers who shop on its platforms every month. Through its website, three apps and 145 physical stores across
Website: www.beautyandyouawards.com
Instagram: @beautyandyouawards
Brand Film: https://www.youtube.com/watch?v=yVd2dbJVtDQ
2023 BEAUTY&YOU JUDGES
Our Expert Panel of ELC Research & Development Advisors
Carl Haney
Executive Vice President, Research, Product and Innovation Officer, The Estée Lauder Companies
Prudvi Kaka
Chief Scientific Officer, DECIEM
Dr. Bhushan Hardas
Senior Vice President, Advanced Technologies, The Estée Lauder Companies
Sumit Bhasin
Senior Vice President, Global Fragrance Innovation, Product Development & R&D, The Estée Lauder Companies
Sam Cheow
Chief Global Trends & Makeup Innovation Officer, The Estée Lauder Companies
Susan Akkad
Senior Vice President, Local & Cultural Innovation, The Estée Lauder Companies
Christine Hall
Vice President, Research & Development, The Estée Lauder Companies
Jamie Ginott
Senior Vice President, External Innovation & Strategic Partnerships, The Estée Lauder Companies
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Jill Marvin
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Source: The Estée Lauder Companies