Nykaa raises funds

Beauty e-commerce portal Nykaa has raised funds from investors including from a leading business family, but this company declined to provide the exact amount.

The two-year-old venture will use the funds to expand its online business and also set up ‘offline’ retail stores.

Falguni Nayar, Founder, Nykaa.com, in a media interaction, said, “We have raised funds from investors and we are targeting a turnover of more than Rs 100 crore over the next two years.”