Mumbai: FSN E-commerce, the holding company of fashion and lifestyle brand ‘Nykaa’, on Saturday said, it has completed the acquisition of Iluminar Media Private Limited (Little Black Book or LBB), on completion of all the necessary formalities.
“we wish to inform you that, on completion of all the necessary formalities, the acquisition of 100% Equity Shares of Iluminar Media Private Limited (Little Black Book), by the Company has been concluded”.
On 5th August, the Board of Directors of FSN had approved the acquisition of 100% of the fully diluted share capital (Equity Shares) of lluminar Media Private Limited for an undisclosed amount.
Incorporated in 2013, Iluminar Media Private Limited (LBB) is involved in the business of running and operating a digital platform through a website and a mobile application that serves as a lifestyle guide and recommendations platform. Total revenue of the company was Rs.19.44 crore in 2021-22.
The acquisition of LLB will enable the Company to strength ‘ its content delivery, drive discovery for brands and J make shopping experience more engaging for the customers.