Nykaa plans to raise funds to expand business

Targeting Rs 80 to Rs 100 crores revenue by the end of next fiscal, online fashion and beauty products e-tailer Nykaa.com, plans to raise 8 to 10 million dollars (around Rs 49 to 60 crores) by June this year. The company plans to utilize the amount to open two new offline stores apart from launching its private label by March 2016.