L’Oréal acquires Innovist in big D2C deal; Dhan’s FY26 profit shrinks

L’Oréal has bought Innovist to claw back momentum in India’s hyper-competitive beauty market. This and more in today’s ETtech Top 5.

Also in the letter:

■ Nykaa’s big FY30 GMV swing

■ IT’s growing AI talent crunch

■ Tata’s high-stakes cleanroom bet

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^{L’Oréal acquires Innovist in India’s biggest D2C deal}