POPxo launches Makeup collection, aims Rs 100 cr revenue run rate

POPxo launches Makeup collection, aims Rs 100 cr revenue run rate

PTIUpdated: Friday, October 01, 2021, 01:44 PM IST
article-image
From the Makeup kit on the go to the eyeshadow, POPxo Makeup Collection offers multiple kits to cater to a different makeup mood. \ Representative Image |

POPxo, a digital community for women, on Friday announced its foray into the beauty segment. POPxo Makeup Collection has been created exclusively by MyGlamm. POPxo and MyGlamm are a part of the Good Glamm Group.

The collection features products available under the price range of Rs 499 making it affordable.

"We will be targeting the audience between the age group of 16-27, 50% of which resides in tier I and 50% in tier II and III cities," Priyanka Gill, POPxo founder and CEO.

The POPxo Makeup collection will be exclusively available on the MyGlamm website, app, and on Amazon for now. "Offline, we will be retailing at the MyGlamm Experiential store in Juhu, Mumbai. The products are manufactured in India," Gill added.

The beauty and skincare industry in India is expected to reach USD 28 billion by 2025, as per industry estimates.

Founded by Priyanka Gill in 2014, POPxo has 60 million monthly active users (MAUs) in July 2021 and targets to reach 100 million MAUs by March 2022. The community also aims to clock a revenue run rate of Rs 100 crore in the next 12 months.

RECENT STORIES

PM SVANidhi Yojana: 1.15 Crore Street Vendors To Get Loans, Cashback & Support Till 2030

PM SVANidhi Yojana: 1.15 Crore Street Vendors To Get Loans, Cashback & Support Till 2030

GST Council May End Compensation Cess By Oct 31, Big GST Reform Plan On Cards

GST Council May End Compensation Cess By Oct 31, Big GST Reform Plan On Cards

US Hikes Tariffs On Indian Goods To 50%, West Bengal’s Export-Driven Sectors Brace For Massive...

US Hikes Tariffs On Indian Goods To 50%, West Bengal’s Export-Driven Sectors Brace For Massive...

Nazara Subsidiaries Give ₹18 Cr Loans, UK Arm To Use Funds For Expansion

Nazara Subsidiaries Give ₹18 Cr Loans, UK Arm To Use Funds For Expansion

Tariffs Come Into Force: 50% Tariffs on Indian Exports To the US Take Effect, Key Risks For...

Tariffs Come Into Force: 50% Tariffs on Indian Exports To the US Take Effect, Key Risks For...