Nykaa Raises $14 Mn Funding by TPG Growth

India’s Largest Fashion & Beauty Platform Nykaa which acquired Fashion e-commerce platform 20Dresses, has received $14 Mn (INR 100 Cr.) in Series E Funding Round Led By TPG Growth on 31st March 2019. Now Nykaa has raised a total of $93.02 Mn in funding over 8 rounds. Earlier in September 2018, Nykaa had raised $15.72 Mn (INR 113 Cr) from consumer-focused private equity manager’s Lighthouse India Fund III.

According to Falguni Nayar, Founder of Nykaa –

We believe TPG’s expertise will help us continue to strengthen the Nykaa playbook. As we look for new ways to serve our customers through initiatives like physical retail, Nykaa Man and Nykaa Fashion, our growth momentum will continue to remain strong in the coming years.

According to a data intelligence platform paper.vc, this funding round will take Nykaa’s valuation to $724 M.

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