Nykaa raises Rs 100 crore, and is now a ‘soonicorn’
31 March 2019 9:09 PM GMT
Mumbai-based online beauty platform Nykaa, which recently acquired 20Dresses, seems to be on track to becoming the next billion-dollar Indian company after raising Rs 100 crore from TPG Growth.
- Online beauty retailer Nykaa, which acquired fashion styling and ecommerce platform 20Dresses last week, has raised Rs100 crore ($14 million) from Singapore-based TPG Growth IV SF.
- The last time Nykaa raised funding was in September 2018 when Lighthouse India Fund III, an affiliate of Lighthouse Advisors invested Rs113 crore.
- It had also raised Rs 160 crore through primary and secondary shares sale last year.
- Expanding its offerings, Nykaa last year launched NykaaNetwork, an interactive beauty forum where subscribers could chat with each other.
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