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Tag: Nykaa

Indian eCommerce platforms reported USD 8.3 bn GMV during festive Sales
INDIA

Indian eCommerce platforms reported USD 8.3 bn GMV during festive Sales

New Delhi, 28th Nov 2020: India's e-commerce festive sale season from October 15-November 15 this year delivered USD 8.3 billion (about Rs 58,000 crore) worth of gross sales for brands and sellers, up 65 percent from USD 5 billion (Rs 35,000 crore) last year, research firm RedSeer said on Friday. This was also higher than the pre-festive forecast of USD 7 billion, RedSeer said in its report titled 'The Festival of Firsts'. About USD 3.2 billion (Rs 22,000 crore) worth of gross sales was registered in September this year, which zoomed to USD 8.3 billion in the festive period, the report said. Of the USD 8.3 billion, USD 4.2 billion (Rs 29,000 crore) was logged in the first event, USD 1.2 billion (Rs 8,700 crore) in the second event and USD 1.4 billion (Rs 9,700 crore) and USD 1.5...
The Success Story of Nykaa – India’s first beauty product based Unicorn startup
Story

The Success Story of Nykaa – India’s first beauty product based Unicorn startup

Before writing about this article, I would like to know how many eCommerce platforms become successful in India? Here successful means profitable. The answer is Zero. Either they got acquired (Walmart acquire Flipkart) or listed (like Infibeam) but none of them become profitable. Over 20+ eCommerce platform try their luck in India in 10 years but none of them become successful until Nykaa, a retailer brand selling beauty, wellness, and fashion products came into the online service. In 2015, the company expanded from online-only to an omnichannel model and began selling fashion products. Journey So far: Falguni Nayar, a former managing director at Kotak Mahindra Capital Company, founded Nykaa in 2012. It was launched as an eCommerce portal curating a range of...
Beauty Retailer Nykaa Launches Its Men’s Grooming Website
BUSINESS

Beauty Retailer Nykaa Launches Its Men’s Grooming Website

E-commerce beauty retailer Nykaa has announced the launch of its online marketplace exclusively for men called Nykaaman.com. The website will be in action from today and will have products across various categories. With this move, the company intends to foray into the $1.4 billion men’s grooming market in India. Also, this will help the company to scale up its revenue of two years by 10 percent. This news comes a year after many other e-commerce companies have also entered the segment of men’s fashion including Voonik and Limeroad. NykaaMan.com will offer products under the categories like shaving, hair care, grooming kits, bath & body, beard care, sexual wellness and sports nutrition which will include over 150-200 brands including The Shave Doctor, Kielh’s, Clinique for Men an...
This Mother’s Day Meet These Women Who Rocked the World!
INSPIRATIONAL

This Mother’s Day Meet These Women Who Rocked the World!

"God could not be everywhere, and therefore he made Mothers.", how well we do connect with this quote cited by English poet and novelist Rudyard Kipling. Whether we are in the best times of our lives or are sailing through rock bottom, it is our mothers we long for. Mothers, after all, are our anchors, critics, best supporters, best buddy and our greatest well-wishers. Mum truly is the word that runs our world! While every year we have a day kept aside to appreciate our mother's roles and significance in our lives, this year we want to make it different! Apart from devoting themselves looking after the emotional and physical well being of their children, many mothers have made a mark for themselves, following their dreams and passions while balancing between motherhood and personal a...
Nykaa Raises 75 Crore, Valuation is Close to 3000 Crore
FUNDING

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 p...
Online Retailer Nykaa.com To Raise Rs 60-100 Cr
FUNDING

Online Retailer Nykaa.com To Raise Rs 60-100 Cr

Online beauty retailer Nykaa.com today said it plans to raise Rs 60-100 crores for marketing and setting up warehouses even as it focuses on opening more retail outlets to deepen its footprint. "We plan to raise another Rs 60 to Rs 100 crore from private sources...majority of investment will be into marketing to build the brand, warehouses and also on technology to enable more number of shoppers to shop simultaneously on the portal," Nykaa.com Founder and CEO Falguni Nayar told reporters here. The company had raised USD 9.5 million from private equity firm TVS Capital last year. To expand its offline presence, the former investment banker said the company plans to open 30 stores in 30 cities by 2020. She further said the company has three warehouses in Mumbai, Delhi and Bengaluru. "W...