According to the Wall
Street Journal Blog, even as India’s economy loses steam,
the country’s nascent beauty and wellness industry is growing rapidly, and
catching the interest of private-equity and venture-capital investors.
These investors are looking to fund the expansion plans of India’s
salons, spas and other companies that provide skin and hair treatment and
slimming and fitness services.
“You are not going to stop manicure and pedicure because of an
economic slowdown,” says Kanwaljit Singh, partner at Helion Venture Partners,
which manages around $600 million in assets.
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