Reliance Forays Into Beauty Accessories Space With Tira Tools

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SUMMARY

Tira Tools will sell a range of beauty accessories, including brushes, face rollers, beauty sponges and a host of other products

The beauty ecommerce platform’s maiden in-house brand, Tira Tools, will sell products both offline as well as online

As per a report, the Indian BPC space reached a market size of $26.3 Bn in 2022 and is projected to soar to $38 Bn by 2028

Reliance Retail-owned Tira on Thursday (April 11) announced its foray into the beauty accessories space with the launch of its in-house brand ‘Tira Tools’. 

The company, in a statement, said that the new venture marks the launch of its first in-house brand.

“We’re so thrilled to announce that Tira Tools is here! Whether you’re a novice or a pro, these essentials have you sorted—you’ll be able to sculpt your face, craft a killer contour and build a perfect cut crease,” the company said in a post on Instagram.

Tira Tools will sell a range of beauty accessories, including brushes, face rollers, beauty sponges and a host of other products in the segment. The company said that the new brand will cater to both beauty enthusiasts as well as professional makeup artists.

Tira plans to sell the “cruelty-free and vegan” accessories brand both online as well as at its stores. 

The beauty ecommerce platform launched its first proprietary brand nearly a year after Tira went live in April last year. Since then, the Indian beauty ecommerce space has seen cut throat competition as incumbents and new entrants both vie for a bigger pie of beauty shoppers. 

Led by an increase in the purchasing power of Indian consumers and the ever-increasing ecommerce adoption, the beauty and personal care space in India has seen a boom in the past few years. The surge also minted listed juggernaut Nykaa as well as startups such as SUGAR and Purplle. 

Meanwhile, conglomerates, including Tata and Reliance, also have brands competing in the space.

As per a report, the Indian beauty and personal care (BPC) space reached a market size of $26.3 Bn in 2022 and is projected to soar to $38 Bn by 2028.





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Reliance Forays Into Beauty Accessories Space With Tira Tools


SUMMARY

Tira Tools will sell a range of beauty accessories, including brushes, face rollers, beauty sponges and a host of other products

The beauty ecommerce platform’s maiden in-house brand, Tira Tools, will sell products both offline as well as online

As per a report, the Indian BPC space reached a market size of $26.3 Bn in 2022 and is projected to soar to $38 Bn by 2028

Reliance Retail-owned Tira on Thursday (April 11) announced its foray into the beauty accessories space with the launch of its in-house brand ‘Tira Tools’. 

The company, in a statement, said that the new venture marks the launch of its first in-house brand.

“We’re so thrilled to announce that Tira Tools is here! Whether you’re a novice or a pro, these essentials have you sorted—you’ll be able to sculpt your face, craft a killer contour and build a perfect cut crease,” the company said in a post on Instagram.

Tira Tools will sell a range of beauty accessories, including brushes, face rollers, beauty sponges and a host of other products in the segment. The company said that the new brand will cater to both beauty enthusiasts as well as professional makeup artists.

Tira plans to sell the “cruelty-free and vegan” accessories brand both online as well as at its stores. 

The beauty ecommerce platform launched its first proprietary brand nearly a year after Tira went live in April last year. Since then, the Indian beauty ecommerce space has seen cut throat competition as incumbents and new entrants both vie for a bigger pie of beauty shoppers. 

Led by an increase in the purchasing power of Indian consumers and the ever-increasing ecommerce adoption, the beauty and personal care space in India has seen a boom in the past few years. The surge also minted listed juggernaut Nykaa as well as startups such as SUGAR and Purplle. 

Meanwhile, conglomerates, including Tata and Reliance, also have brands competing in the space.

As per a report, the Indian beauty and personal care (BPC) space reached a market size of $26.3 Bn in 2022 and is projected to soar to $38 Bn by 2028.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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