Nykaa aims to launch 8 new stores by 2018

Nykaa has increased its brand portfolio by 56% to stock more than 700 brands with more than 80,000 products
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Online beauty portal, Nykaa.com, has reported a net revenue of Rs 214 crore and gross merchandise value (GMV) of Rs 275 crore for FY 2016-17.

Nykaa, which raised Rs 104.3 crore in December 2016, said it will launch 8 new stores in this fiscal to reach a total store count of 30.

According to a statement, the company is currently on a GMV run rate of Rs 600 crore.

Nykaa has increased its brand portfolio by 56% to stock more than 700 brands with more than 80,000 products. The company brought onboard international beauty brands like M.A.C, Clinique, The Face Shop and NYX last year, which constituted of 15 percent of the overall sales.

 
 
 
 
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