MAM
Airtel to sponsor Indian Grand Prix
MUMBAI: Telecom company Bharti Airtel is the title sponsor of Grand Prix of India.
In India‘s F1 foray, the telecom company has seen an opportunity to tie up with Formula One and make innovative offerings.
Announcing Airtel as the title sponsor for this sporting event, Bharti Airtel CEO – India and South Asia Sanjay Kapoor and Formula One Group CEO Bernie Ecclestone together unveiled the official logo of Airtel Grand Prix of India. To be hosted at Buddh International Circuit in Greater Noida on 30 October, this first ever Airtel Grand Prix of India will put India on the list of countries on the global F1 map and give Indian fans their first ever chance to experience the adrenaline rush.
Kapoor said, “A sports phenomenon that initially originated from Europe and went across the globe to become a rage – Formula One today enjoys the cult following of a whopping 500 million plus fans. Airtel – with its 200 million plus customers which significantly represent the young and vibrant population, is delighted to be affiliated with F1 to bring this international sports event to India for the time first time ever! Right through its growth path, Airtel has been associated with speed, performance, calculated risks and excitement, the very words that spring to mind when you think of Formula One. Hence, it is only natural that Airtel and Formula One together bring to life the dreams of millions of young and passionate sports enthusiasts in India, giving them an opportunity of a lifetime to watch the very first Airtel Grand Prix of India in person”.
Ecclestone said, “I am very pleased with our association with Bharti Airtel which has demonstrated that they are the very forward thinking company that I believe and was the reason for seeking their help in promoting Formula One in India through their 200 million plus customers. We are very good partners as we both project the same forward thinking”.
As part of its association with Airtel Grand Prix of India, brand Airtel will leverage several exciting entitlements that other
prominent global brands associated with Formula One have enjoyed thus far. Formula One enthusiasts can look forward to a host of innovative offerings and initiatives by Airtel, which will be rolled out and announced in weeks to come.
Brands
Nykaa eyes majority stake in Deepika Padukone’s 82°E brand
Deal could help scale premium label as Nykaa sharpens its beauty play
MUMBAI: Nykaa is in advanced discussions to acquire a majority stake in 82°E, the premium skincare label founded by Deepika Padukone, according to media reports.
The proposed deal signals Nykaa’s intent to deepen its House of Nykaa portfolio while giving 82°E the scale it has struggled to achieve independently. Padukone is expected to retain a minority stake if the transaction goes through.
For Nykaa, the play is both strategic and timely. With a customer base of over 42 million, the company is betting on its strong distribution, logistics, and repeat purchase ecosystem to revive the brand’s momentum. The two sides already share a working relationship, with Padukone serving as Nykaa’s global brand ambassador since September 2025.
Launched in late 2022, 82°E entered the market with a premium positioning but has faced headwinds. The brand reported revenue of Rs 14.7 crore in FY25, down 30 per cent year on year, alongside losses of Rs 12.26 crore. Industry observers have pointed to steep pricing, a somewhat diffused brand identity, and intense competition from digital-first labels as key challenges.
The potential acquisition also reflects a broader shift in India’s beauty and lifestyle space, where celebrity-led brands are increasingly partnering with larger corporates to unlock scale. Alia Bhatt’s Ed-a-Mamma, for instance, sold a majority stake to Reliance Retail, while Katrina Kaif’s Kay Beauty has emerged as a standout success within Nykaa’s portfolio, clocking Rs 132.4 crore in FY25 revenue.
Nykaa itself has been on a strong growth trajectory. Its parent, FSN E-Commerce Ventures, reported a 156 per cent jump in net profit to Rs 68 crore in the December 2025 quarter, with revenue reaching Rs 2,873 crore.
Nykaa has been steadily building its portfolio through acquisitions such as Dot & Key, Earth Rhythm and Nudge Wellness, signalling a clear push to own and scale homegrown brands.
If the 82°E deal materialises, it could mark a fresh chapter for the label, blending celebrity appeal with corporate muscle. For Nykaa, it is another calculated step in staying ahead in an increasingly crowded beauty aisle.
