Anchit Nayar of Nykaa states that there is currently no significant impact from competition.
Nykaa CEO Anchit Nayar has stated that the beauty e-commerce company has not witnessed any significant impact from competition thus far. Despite facing scrutiny due to the emergence of new competitors, such as Reliance Retail’s Tira, Nykaa remains unfazed. Nayar emphasized that a majority of their business comes from repeat customers, debunking the notion that…