The cosmetics player plans to add 40 stores, and diversify offerings
Fashion retailer raises Rs 100 crore from TPG Growth; valuation surges more than 2-times in just six months at $724 million
Janhvi Kapoor will appear in digital, television and print advertising campaigns and play an active role in creating social media content for Nykaa
The company, which at present has 22 outlets across the country, is looking at opening 180-200 Nykaa stores in the next 4-5 years
Nykaa is looking to expand its portfolio with the launch of exclusive brand partnerships and increase its offline footprint to 90 stores across India by 2020
The 'watch and buy' feature allows customers to add products to bag in real time, eliminating the need to search for the products after the video is over
Beauty retailer Nykaa has closed its series D investment round of Rs 1.65 billion. This includes both primary investment and secondary exit of some early stage investors. The funding will help to fund growth capital as well as expand the retail footprint of the brand. For the financial year 2017-18, Nykaa reported a net revenue of Rs 5.70 billion as compared to Rs 2.14 billion inFY17. The company expects to be profitable in FY19. Many of the early stage investors including Sunil Kant Munjal, Chairman, Hero Corporate Service P Ltd, the family offices of Harsh Mariwala and Dalip Pathak, private equity veteran have reinvested in this round amongst others."The focus of Nykaa has always been customer centricity resting on curation, content and convenience. Advice, education and conversations with our customers are key elements of Nykaa's philosophy and we have recently launched Nykaa Network to build on our consumer centricity. We offer the best assortment and information needed to make ...
It currently retails more than 850 beauty brands on its website/app
Beauty marketplace is utilising technology to meet customer expectations across channels
The firm's objective behind a robust bet on physical retail is to be an omni-channel destination for the beauty and skincare segment
The beauty marketplace breaks down numbers to let brands know what customers really want
Till date, the four-year-old company has raised over Rs 160 cr in three rounds of funding