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June 01, 2014

Deal Alert: Beauty e-commerce portal Nykaa.com raises funds

Nykaa.com, the beauty e-commerce portal promoted by investment-banker-turned entrepreneur Falguni Nayar, has raised funds from investors including a family office and a hedge fund. The new investors will together hold close to 20% in the e-commerce venture. After the completion of the latest transaction, the stake of Falguni Nayar and her husband Sanjay Nayar will come down to 75-76%. 

Nykaa, which sells popular brands including Calvin Klein, Nautica, Espirit and Jaguar, will use the funds to expand its online business and set up offline retail stores, including one at Terminal 3 of New Delhi's airport. The company is targeting a turnover in excess of Rs 100-120 crore over the next two years. 

 
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