Nykaa.com eyes funding worth Rs 50 crores

Multi-brand retailer Nykaa.com aims to woo funds worth Rs 50 crores from existing and new investors. Founded two years ago by former MD of Kotak Mahindra Capital Investment Banking, Falguni Nayar, the holding company, FSN E-Commerce Ventures has already bagged a funding boost of Rs 20 crores from Indian HNIs and NRIs. The company also plans to launch its private label this August.