FSN E-Commerce Ventures Limited (NSEI:NYKAA) agreed to acquire remaining 40% stake in Nudge Wellness Private Limited from Onesto Labs Private Limited for INR 1.4 million on August 12, 2025. A cash consideration of INR 1.43 million will be paid by FSN E-Commerce Ventures Limited. As part of consideration, INR 1.43 million is paid towards common equity of Nudge Wellness Private Limited. Upon completion, FSN E-Commerce Ventures Limited will own 100% stake in Nudge Wellness Private Limited.
For the period ending March 31, 2025, Nudge Wellness Private Limited reported total revenue of INR 3.48 million.
The transaction is subject to approval of offer by FSN E-Commerce Ventures Limited board. The transaction is subject to execution of definitive transaction documents and any other applicable procedural and regulatory steps. The deal has been approved by FSN E-Commerce Ventures Limited board.
The expected completion of the transaction is September 30, 2025.
FSN E-Commerce Ventures Limited (NSEI:NYKAA) completed the acquisition of remaining 40% stake in Nudge Wellness Private Limited from Onesto Labs Private Limited on February 9, 2026.
FSN E-Commerce Ventures Limited is a consumer technology platform company. It is engaged in the business of manufacturing, selling and distribution of beauty, wellness, fitness, personal care, health care, skin care, hair care products on online platforms or Websites, such as e-commerce, m-commerce, websites, and intranet, as well as through retail outlets, general trade and modern trade. Its segments include Beauty, Fashion, and Others. Beauty segment includes the online beauty platform, beauty-owned brands, physical retail stores, the electronic business-to-business distribution business and Nykaa Man BPC business. Fashion segment includes Nykaa Fashion, Fashion retail, fashion owned brands, LBB (content platform) and Nykaa Man lifestyle business. Others segment includes groups international beauty business. Its business verticals include Nykaa Beauty, Nykaa Fashion and Nykaa Others. Nykaa Beauty includes beauty and personal care. Nykaa Fashion is engaged in apparel and accessories.
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