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Beauty products seller Nykaa in talks to acquire local discovery platform Little Black Book

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Beauty-products marketplace Nykaa is in late-stage talks to acquire local discovery and e-commerce platform Little Black Book (LBB). The deal would strengthen Nykaa's content game and complement its lifestyle and home decor categories. LBB is a marketplace for unique lifestyle products. In September 2021, the company claimed that it served 22 million users across eight cities and had 10,000 merchants on its platform. The 10-year-old company has mopped up around USD 8 million from Blume Ventures, Chiratae and Dream Incubator.