Mumbai-based Nyakaa raises Rs 60 Cr funding led by TVS Capital

Company Name : Nykaa
Funding Amount : Rs. 60cr
Investor(s) TVS Capital Marico founder Harsh Mariwala, Hexaware founder Atul Nishar, Dalip Pathak of Warburg Pincus, Michael Carlos of Swiss fragrance maker Givaudan
Funding Round : Angel round

Nykaa an online beauty retailer, has raised around Rs 60 cr in its second round of funding.

The funding round was led by private equity firm TVS Capital and investors like Marico’s founder Harsh Mariwala, Hexaware’s founder Atul Nishar, and Dalip Pathak, former India and Europe head of Warburg Pincus, Michael Carlos, former president of Swiss fragrance maker Givaudan, also participated.

Also as TVS Capital’s nominee, Narayan Ramachandran with expertise in retail business will join the board of the company [source].

Founded by investment banker-turned-entrepreneur Falguni Nayar, this Mumbai based startup is owned by FSN E-Commerce Ventures and had earlier raised Rs 20 crore from other Indian family offices and non-resident Indians.

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