14 May 2018, India:
Nykaa has raised $24.45 million in Seires D round of funding. Some early stage investors including Sunil Kant Munjal, Chairman, Hero Corporate Service P Ltd, Family Offices of Harsh Mariwala and Dalip Pathak, private equity veteran has reinvested in this round amongst others.
The funding will help to fund the growth capital as well as expand the retail footprint.
Falguni Nayar, Founder & CEO, Nykaa.com said, “Our focus has always been customer centricity resting on curation, content and convenience. Advice, education and conversations with our customers are key elements of our philosophy and we have recently launched Nykaa Network to build on our consumer centricity. We offer the best assortment and information needed to make the right choice. Through efficient technology and logistics, along with our omni-channel model we make sure we deliver the best shopping experience to every customer.”
Nykaa was launched in 2012. Currently it has 17 stores in India. It has promoted women empowerment through campaigns like ‘Break The Hashtag’ with Taapsee Pannu and the ‘Haseen Tu, Haseen Din’ directed by Konkana Sen. The company aims to open 55 stores in India by March 2019.
(Image – CashKaro)