Online Beauty Retailer Nykaa Raises Funding From Max Ventures


Max Ventures and Industries has acquired a 2% stake in online beauty retailer for an undisclosed sum.

Max Ventures and Industries announced that it has acquired 2,69,955 equity shares of Rs.10/- each of FSN E-Commerce Ventures (FSN) on 08 December 2016, which represents its 1.99% equity capital. FSN is in the business of selling cosmetic products, personal and home accessories to consumers in India through its e-commerce platform

This is the second round of funding raised by the company this year. In September, Nykaa raised $12 million in a round led by Hero Group’s Sunil Munjal.

The company is looking at omni-channel presence to achieve growth targets and currently operates four offline outlets in Delhi, Mumbai and Bangalore. It is also expanding its private labels offering under the ‘Nykaa’ brand name.

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals