Fidelity Management and Research, a private equity firm, completed an investment in Nykaa, a cosmetic products manufacturing company. Financial terms were not disclosed. “We are very excited to have Fidelity, one of the largest asset managers in the world, to join as a partner in our growth journey. Their investment in a private company in India is testament to the strength of our brand and business model. Nykaa’s focus on business sustainability and corporate governance further supports such strong investor confidence,” Falguni Nayar, Nykaa Founder and CEO.