Nigeria, April 15 -- Three female-led beauty startups have secured a combined N6 million in equity-free funding following a competitive pitch event held in Lagos, as stakeholders intensify efforts to bridge the financing gap confronting women entrepreneurs in Nigeria's fast-growing beauty industry.

The funding, provided by Busha in partnership with Beauty Hut Africa, was awarded under the second edition of the Beauty Hut Africa Women's Grant Initiative.

The programme culminated in a live pitch session recently held at the Ecobank Pan-African Centre, drawing founders, investors, and industry leaders.

Five shortlisted entrepreneurs presented their business models before a panel of judges comprising Subuola Oyeleye, Bobe Badaki, Omolara D...