Nykaa.com Raises Rs. 82 Cr from Sunil Munjal, Mariwala Family, Others

 

Nykaa.com

12 September 2016, India :

Nykaa.com, an online luxury beauty retailer has raised Rs 82 crore in a fresh round of fundraising led by Sunil Munjal and the Mariwala family. Post the transaction, Nykaa will be valued at about Rs 775 crore.

Nykaa.com is a premier online beauty and wellness destination. It offers beauty and wellness products for men and women at best prices. The products are 100 percent genuine and authentic, sourced directly from the brands.

Nykaa offers hassle-free shopping experience, the virtual makeover tool, beauty advice and assistance on the phone, free expert advice and articles on beauty trends and tutorials and celebrity looks.

The company was founded in 2013 by FSN E-Commerce Ventures, Falguni Nayar, a former managing director of Kotak Mahindra Capital Investment Banking, and her husband Sanjay Nayar, CEO and India head of US buyout giant KKR & Co. lead the company. Source- ET

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