Sunday, May 26

Nykaa Raises 75 Crore, Valuation is Close to 3000 Crore

Mumbai based Nykaa.com, an online beauty retailer has raised ₹75 crore in its latest round of funding from the existing investors.

The current funding was the part of ₹170 crore investment round. The first amount was raised around 95 crores. Now the current valuation of the company is close to ₹3,000 crore.

This is the fourth round of investment for the company. The total funding amount was raised about ₹255 crore at a valuation of 3000 crores.

Also, three previous investors in Nykaa has sold their parts of equity including TVS Capital Funds.

Nykaa acquires 33% share of online beauty market, clocked ₹570 crore in net revenue in FY18.

The latest funding amount will use to expand their offline presence from current 17 stores to about 55 stores by FY19-end. Their products are present in 800 stores.

The investor in Nykaa includes Sunil Munjal’s family office, Marico’s Mariwala family office and Dalip Pathak, a special limited partner at private equity firm Warburg Pincus and others.