Nykaa bets big on fashion, offline stores with eye on Unicorn tag

E-commerce retailer Nykaa, which retains its first-mover advantage as the leading retailer of cosmetics and skincare products, is looking to make fashion and related accessories one of its key verticals even as it looks to double its bricks-n-mortar footprint.  The company, valued at $750 million and led by former banker Falguni Nayar and backed by investors such as TPG, Lighthouse Funds, and the family office of Hero Enterprise’s Sunil Munjal, recently raised Rs 100 crore in its fifth round of funding.  Nayar and her family retain a majority stake in Nykaa. The com.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Outbrain