Ultra-high-net-worth (UHNW) tourists represent only 0.1% of tax-free shoppers, yet contributed 13% of total tax-free spending over the past 12 months.

One source stated that BlueStone, based in Bangalore, is currently valued at nearly $500 million and its investors include venture capital firm Accel and Indian industrialist Ratan Tata.

Live Tinted is the first South Asian brand to be sold at Ulta Beauty and is the fastest-growing beauty brand in the latter’s Sparked program.

Founded in 1989 by Vandana and Mukesh Luthra, VLCC is a homegrown pioneer in India’s skincare, beauty and wellness market, with an integrated offering of branded skincare products and high-end specialized beauty and wellness services.