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.
Source: Economic Times
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.