Latest News
Nykaa Fashion CEO Nihir Parikh Resigns, Abhijeet Dabas Appointed as New Business Head!
Nykaa Fashion’s CEO, Nihir Parikh, has stepped down from his position to pursue personal commitments. The announcement was made via a regulatory filing by FSN E-Commerce Ventures, Nykaa’s parent company, stating that Parikh’s resignation is effective as of December 5, 2024.
Parikh’s Legacy at Nykaa
Nihir Parikh joined Nykaa in 2015 as the Chief Strategy Officer and played a pivotal role in the company’s growth trajectory. He was instrumental in launching Nykaa Fashion and NykaaMan, which expanded Nykaa’s offerings into the fashion and men’s grooming segments. Under his leadership, Nykaa Fashion became a prominent player in India’s online fashion retail space.
Contributions to Digital Transformation
Parikh also contributed significantly to Nykaa’s digital transformation, enhancing the platform’s technology and customer experience. His strategic insights and leadership helped position Nykaa as a leader in the e-commerce sector, particularly in the beauty and fashion categories.
Reflections on Tenure
Reflecting on his tenure, Parikh expressed gratitude to Nykaa’s founder, Falguni Nayar, and his team for their collaboration and support. He conveyed pride in being part of Nykaa’s success story and wished the company continued growth in the future. Nayar acknowledged Parikh’s significant contributions and dedication, especially regarding the expansion of Nykaa Fashion and NykaaMan. Notably, Parikh will continue to support Nykaa as a Board member.
A New Chapter Begins: Abhijeet Dabas Takes the Helm
In light of Parikh’s departure, Nykaa announced the appointment of Abhijeet Dabas as the new Executive Vice President and Business Head of Fashion eCommerce. Dabas brings extensive experience to his new role, having worked with notable companies such as Adobe Systems, McKinsey & Company, Myntra Jabong, Lazada Group, Swiggy, and CARS24.
Dabas’ Focus Areas
Dabas’ primary focus will be on:
- Driving online growth for Nykaa Fashion
- Expanding its global footprint
- Building strategic partnerships
- Strengthening Nykaa’s presence in the fashion e-commerce space
This appointment signals Nykaa’s commitment to further developing its fashion segment and solidifying its position as a leading player in the Indian e-commerce market.
Industry Context and Future Outlook
The resignation of Nihir Parikh comes at a time when Nykaa is navigating a competitive landscape in the fashion e-commerce sector. As consumer preferences continue to evolve, the company aims to leverage Dabas’ expertise to enhance its market strategy and drive innovation.
Commitment to Growth
With Dabas at the helm, Nykaa is expected to focus on expanding its product offerings and enhancing customer engagement through personalized shopping experiences. The leadership transition reflects Nykaa’s proactive approach to adapting to market dynamics while maintaining its growth trajectory.
Conclusion
Nihir Parikh’s departure marks the end of an influential chapter for Nykaa Fashion, while Abhijeet Dabas’ appointment heralds a new era of leadership aimed at driving growth and innovation. As both companies navigate this transition, they remain committed to enhancing their offerings and solidifying their positions within India’s dynamic e-commerce landscape.
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.
In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.
Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.
Apple MacBook Air M5 Launched: M5 Chip, 22-Hour Battery in India
₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide
zwhzhoajx
April 13, 2026 at 5:36 pm
The roulette wheel used in Super Stake Roulette is an automatic type, which uses motors to spin up the wheel and an auto-brake to stop the wheel once the result is known. Hot Cold Roulette Numbers Mr Jones Casino is a classy, UK-friendly platform known for its table games. Fans of card play will love its dedicated live dealer tables, including blackjack not on GamStop and high-stakes roulette. A 300% welcome bonus plus cashback offers make it one of the most rewarding options for strategic players. There is a jeweled broach symbol which is a special scatter symbol that triggers 10 free spins with 3 anywhere on the reels, a fun filled pop jingle packed with sound effects from the various characters in this animal slot. So if you are gambling from a country outside Denmark, and some decent big win scenes to keep you entertained and celebrate your fishing triumphs.
https://94soluzioni.com/aviator-app-1win-review-for-uk-players.html
That’s why it’s so important to know the psychological and strategic dangers of winning streaks, and how you can stay in control when Lady Luck is on your side. We’ll get into why that “can’t lose” feeling is a trap, talk about the most common mistakes bettors make during hot streaks, and give you some tips to handle your wins like a pro. And when you’re on a hot one? You’ll be able to enjoy it without slamming back into earth from your own personal cloud nine. SuperBook Sportsbook App The site layout for Great Canadian Casino Resort Toronto consists of outdoor parking, theatre, restaurant complex, parkade, Expansion Casino, Grandstand Casino, hotel, and racetrack. Liverpool’s 3-2 defeat against Brentford was the “worst” of their four-game losing streak in the Premier League, according to manager Arne Slot. The Reds were unable to build on their thumping Champions League victory over Eintracht Frankfurt in midweek, with the Dutchman saying their latest reverse was more damning than the defeats against Crystal Palace, Chelsea and Manchester United.