Sean Sovak, co-founder of Lighthouse
said, "We are truly thrilled to become a shareholder in Nykaa.
What Falguni and team have created is nothing short of brilliant, completely disrupting the personal care market in India, by focusing on ease of access and superior customer experience. We are excited by the opportunity ahead for the company."
This transaction earmarks the attractive exit for TVS Shriram Growth Fund, which invested in Nykaa
in 2015 and 2016 as part of the Series B and Series C fund raise.