Nykaa has successfully raised Rs.133 crores from Lighthouse Advisors, while giving an exit to TVS Capital as their second fund was about to close. TVS Capital had earlier funded Nykaa with Rs.30 crore in the financial years of 2015 and 2016. Double the growth of its net revenue from Rs.214 crore a year to Rs.570 crore in 2018 itself, a noticeable change can be seen in the pattern. With a current 33% share in online markets, Nykaa looks forward to expand its offline presence to almost 90 stores by the year 2020.
Source: Economic Times