Bengaluru, Aug. 18 -- Wipro Consumer Care & Lighting has acquired a 60% stake in skincare brand Dermatouch for an enterprise value of Rs.387.5 crore, marking its entry into digital-first brands as it looks to tap India's growing market for science-backed beauty products.

Wipro Consumer will acquire the remaining 40% over the next three years, the company said in a statement on Tuesday. The startup founders Anish Nagpal and Amit Purswani, along with the existing management team, will continue to run the business, it added.

Wipro Consumer's acquisition of the residual stake will be linked to Dermatouch's performance, Kumar Chander, chief executive officer of Wipro Consumer Care and managing director of Wipro Enterprises, told Mint.

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