Total amount raised
$1.5 Billions
Latest funding date
Location
Nykaa has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a wide range of beauty and wellness products, catering to a growing customer base.
Keep reading to explore the intricacies of Nykaa's fundraising journey and the investors backing this dynamic platform.
What Is Nykaa?
Nykaa, founded in 2012 by Falguni Nayar, is an e-commerce platform based in Mumbai, Maharashtra, India. The company specializes in beauty and wellness products, offering a wide range of items from makeup to personal care.
Nykaa's offerings include both international and in-house brands, and they have expanded into the fashion sector. The platform also features product reviews, beauty how-to videos, and expert articles.
With a workforce of 1001-5000 employees, Nykaa continues to grow, providing authentic products and a seamless delivery experience.
How Much Funding Has Nykaa Raised?
- Round Name: Series E
- Amount Raised: ₹1B
- Date: April 2019
- Lead Investors: TPG Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance technological infrastructure.
- Round Name: Secondary Market
- Amount Raised: $30M
- Date: December 2019
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Series F
- Amount Raised: ₹1B
- Date: March 2020
- Lead Investors: Steadview Capital
- Valuation at Round: Over $1.2 billion
- Motivation Behind the Round: To support growth and expansion plans.
- Round Name: Series F
- Amount Raised: ₹670M
- Date: May 2020
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance market presence.
- Round Name: Series H
- Amount Raised: ₹196M
- Date: June 2020
- Lead Investors: Sunil Kant Munjal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in new product lines and market expansion.
- Round Name: Secondary Market
- Amount Raised: Not disclosed
- Date: October 2020
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors.
- Round Name: Secondary Market
- Amount Raised: Not disclosed
- Date: November 2020
- Lead Investors: Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate partial exits for early investors and employees.
- Round Name: Post-IPO Equity
- Amount Raised: ₹2.1B
- Date: November 2022
- Lead Investors: Aberdeen Standard Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position post-IPO.
- Round Name: Post-IPO Secondary
- Amount Raised: ₹3.4B
- Date: November 2022
- Lead Investors: Aditya Birla Sunlife Mutual Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to shareholders.
- Round Name: Post-IPO Equity
- Amount Raised: $1.3B
- Date: July 2024
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel further expansion and innovation.
Nykaa has raised a total of $1.3B with a current valuation of over $1.2 billion.
Key Investors
- Aditya Birla Sunlife Mutual Fund
- Details: Aditya Birla Sunlife Mutual Fund is a prominent mutual fund company under the Aditya Birla Group. It offers a range of investment solutions across various asset classes.
- Investment Focus Areas: Equity, debt, hybrid funds
- Notable Investments: Not publicly disclosed
- Fidelity Management & Research Company, LLC
- Details: Fidelity is a Boston-based asset management firm and one of the largest asset managers globally. It focuses on providing investment management and advisory services.
- Investment Focus Areas: High-growth companies, global markets, diversified sectors
- Notable Investments: Not publicly disclosed
- Steadview Capital
- Details: Steadview Capital is an investment firm that focuses on high-growth companies, particularly in emerging markets. It has been a significant investor in Nykaa.
- Investment Focus Areas: Emerging markets, high-growth sectors, technology
- Notable Investments: Not publicly disclosed
- TPG Growth
- Details: TPG Growth is the middle market and growth equity investment platform of TPG, a global private investment firm. It focuses on growth capital investments.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Uber, Airbnb, Spotify
- Sunil Kant Munjal
- Details: Sunil Kant Munjal is an Indian businessman and the chairman of Hero Enterprise. He is known for his investments in various sectors.
- Investment Focus Areas: Manufacturing, education, healthcare
- Notable Investments: Not publicly disclosed
What's Next for Nykaa?
Nykaa's future looks promising with its expansion into men's fashion and grooming categories, tapping into a market with over 60 brands. This move, coupled with the growing online consumer activity, positions Nykaa to significantly increase its market share in the beauty and fashion sectors.
Investor confidence, as demonstrated by Fidelity's recent involvement, suggests that Nykaa could attract further funding to support its growth. The company's focus on business sustainability and strong corporate governance will likely appeal to future investors, paving the way for additional fundraising opportunities.
However, Nykaa will need to navigate challenges such as maintaining high growth rates in a competitive market and ensuring the successful integration of new product categories. Balancing these factors will be crucial for sustaining its upward trajectory.
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