Nykaa news and archive

Estée Lauder and Nykaa launch incubator to support Indian beauty entrepreneurs

Estée Lauder has teamed up with Nykaa, one of India’s leading omnichannel beauty and lifestyle retailers, to launch an incubator to discover, spotlight, and propel the next generation of Indian beauty brands. The ‘Beauty&You India’ incubator, aims to help founders, innovators, and creators grow their businesses holistically by identifying brand...

Retail

Online beauty and fashion retailer Nykaa to add more brands

Nykaa, the online fashion and beauty retailer plans to add more brands to its basket this fiscal. Also on the works are 45 brick-and-mortar stores across the country, up from 35 as of now. The startup was founded in 2012. Nykaa originally launched as an online fashion retailer, later forayed into offline stores. Nykaa has more than 80,000...

Business

Nykaa looks at a three-fold increase in revenue

Fashion and beauty retailer Nykaa, which is run by FSN Ecommerce Ventures, is looking at a three-fold increase in its revenue, expanding its private label offering and turn profitable in the next 10-12 months. This year, the firm hopes to make sales worth Rs 80-100 crores and looks and revenues of Rs 240-300 crores by March 2017. Nykaa had...

Business

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...

Business

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. Nykaa.com,...