LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Amazon India may soon launch its own beauty products brand

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Amazon India may soon launch its own beauty products brand
Cosmetics market is a fast-growing segment and has also seen interest from another e-tailer Flipkart. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Thu, Feb 08, 2018
12:38 pm
ZeeBiz WebDesk

Online retailer Amazon India may soon launch its own brand of beauty and personal care products, taking on the much-smaller e-retailers engaged in the niche business.  

"Amazon India is talking to contract manufacturers and will be launching private labels (in-house brands) in a few categories within skincare and makeup," reported Economic Times, quoting unidentified sources. 

Cosmetics market is a fast-growing segment and has also seen interest from another e-tailer Flipkart. 

The beauty market is largely dominated by small startups like Nykaa and Purplle. Nykaa commands a 33% share and reported sales worth Rs 1,000 crore in 2017, reported ET, quoting company's chief executive Falguni Nayar.

Meanwhile, bolstered by blockbuster quarterly results, Amazon's market capitalisation may soon beat that of Microsoft Corp's. 

On Wednesday, Amazon's stock was down 1.14 per cent on Wall street, bringing its market capitalization to $690.4 billion, while software maker Microsoft's 1.83 percent fall depressed its market capitalization to $690.3 billion.

Amazon's explosive growth in retail and cloud computing has sent its shares 77 per cent higher over the past year, outpacing Microsoft's 42 per cent rise. 

Apple Inc's $819 billion market capitalization remains Wall Street's largest, followed by Alphabet Inc , the parent of Google, at $736 billion.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
maeketsAmazon IndiaFlipkartbeauty productscosmeticsNykaaPurplle
RELATED NEWS

LATEST NEWS

IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650

Gold Price Today – Price fall continues, yellow metal cheaper by Rs 80; Silver expensive by Rs 495 when markets opened on Thursday

PNB Scam: Big win for India; serious setback for Nirav Modi as he loses extradition fight

NSE glitch: Anil Singhvi demands investigation on market action between 3-3:30 pm; asks who caused huge jump in Bank Nifty and Nifty when FIIs were net sellers?

Redmi 9 Power new variant launched in India; Check all details here!

IMPLEMENTED NOW! Good news for government employees, PSU staff of this state - All details here

CSBC Bihar Police Constable Syllabus: Admit Card 2021 released! Check at csbc.bih.nic.in for salary, exam pattern

Rajkummar Rao, Bhumi Pednekar wrap shoot for 'Badhaai Do'

7th Pay Commission: Big bonanza on Dearness Allowance (DA), Dearness Relief (DR) for Central Government employees, pensioners coming before Holi?

'The Twilight Zone' will not return for third season

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved