Sunday, July 14

Tag: Online beauty retailer

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...