Leader Biography
  • Home
  • Famous Personalities
    • Entreprenuers
    • Humanitarians
    • Actors
    • Artists
    • Politicians
    • Scientists
    • Spiritual Leaders
    • Sports
    • Writers
  • Success Stories
  • Women
  • Quotes
  • Blog
No Result
View All Result
Leader Biography
No Result
View All Result
Leader Biography
Home Feed

Surge in Nykaa’s Valuation, company raises $14 million from TPG Growth

in Feed
0
Nykaa
Share on FacebookShare on Twitter

Nykaa, a multi-brand retailer of beauty and wellness products based in Mumbai, has recently raised $14 million (Rs 100 crore) from the middle market and growth equity fund TPG Growth. With this, the company’s valuation has been raised to $724 million, as per the regulatory filings sourced by business signals platform Paper.vc. It has entered into competition with the marketplaces such as Amazon and Flipkart along with LimeRoad and Myntra in the category of fashion e-commerce.

Hitesh Malhotra, Chief marketing officer of Nykaa stated that the company will announce the development in a day or two including the planned allocation of the capital raised.

“Nykaa appears to be on track to joining Asia’s unicorn ranks. TPG Growth’s investment gives it a spectacular jump in the post-money valuation of Rs 5027 crore ($724 million). The raise comes after a long hiatus in institutional investment in the cosmetic platform,” said Paper.vc Founder Vivek Durai.

Started in the year 2012 by Falguni Nayar, Nykaa has allotted around 2,83,287 shares. Along with Sunil Kant Munjal who invested Rs 30 crore in 2016 in the startup, Nykaa has a number of backers, including TVS Shriram Growth Fund (invested Rs 25 crore in 2015), along with various angel investors like corporate lawyer and Founder and Managing Partner of AZB & Partners Zia Mody who invested Rs 1 crore in 2014.

Considering the company’s current financial performance, both the hiatus as well as the extraordinarily high valuation are interesting. However, the valuation can be explained given its recent numbers. “The startup narrowed its losses to Rs 28.2 crore for FY 2018 compared to Rs 36.3 crore for the previous year. Nonetheless, these losses pale in comparison to its revenue. Nykaa’s revenues jumped from Rs 214 crore in FY 17 to Rs 578 crore in FY 18,” added Durai.

 

 

Tags: FundingNewsNykaa
Previous Post

Rajesh Aggarwal

Next Post

Ryan Pinto

Leader Biography

Leader Biography

Next Post
Ryan Pinto

Ryan Pinto

sweta-mangal

Sweta Mangal

Dr. Gautam Allahbadia Mumbai

Dr. Gautam Allahbadia

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Reading

  • Virat Kohli: India’s Run Machine and The Champion Cricketer
  • Aman Gupta: Sailing to Success as the Founder and CEO of boat
  • Amitabh Bachchan: The Legend of Indian Cinema
  • Rajat Sharma: Unraveling the Journey of a Resilient News Icon
  • From Tata Sons to Tata Group: Ratan Tata’s Storied Leadership
  • Vivek Bindra: Your Ultimate Business Inspiration Guru
  • Narendra Modi: India’s Visionary Prime Minister Leading Global Transitions
  • From Jamshedpur to FTII: The Remarkable Journey of R Madhavan
  • Shah Rukh Khan , The Badshah of Bollywood, is here again with another Blockbuster, JAWAN, releasing 7th September 2023
  • Meet Aditya L1 ’s Principal Scientist: Dr. Sankarasubramanian K.

About Us

Leader Biography provides you with a range of biographical references, and features the work of some of the leading minds in the business. These compelling stories will make you realize that one needs to be self-motivated in order to be inspired.

Follow Us

Featured Post

Virat Kohli: India’s Run Machine and The Champion Cricketer

Aman Gupta: Sailing to Success as the Founder and CEO of boat

Amitabh Bachchan: The Legend of Indian Cinema

Rajat Sharma: Unraveling the Journey of a Resilient News Icon

Narendra Modi: India’s Visionary Prime Minister Leading Global Transitions

Nisha Madhulika: Inspiring Culinary Enthusiast and YouTube Sensation

Rajat Khare Investor in Artificial intelligence and Deep Tech Domain 

Recent News

Virat Kohli: India’s Run Machine and The Champion Cricketer

Aman Gupta: Sailing to Success as the Founder and CEO of boat

Rajat Sharma: Unraveling the Journey of a Resilient News Icon

Narendra Modi: India’s Visionary Prime Minister Leading Global Transitions

Meet Aditya L1 ’s Principal Scientist: Dr. Sankarasubramanian K.

Ishita Kishore Biography: Writing Success In Her Name

  • Leader Biography
  • About
  • Advertise
  • Contribute Us
  • Disclaimer
  • Privacy Policy
  • Contact Us

© 2021 Leader Biography. All Rights Reserved.

No Result
View All Result
  • Home
  • Famous Personalities
    • Entreprenuers
    • Humanitarians
    • Actors
    • Artists
    • Politicians
    • Scientists
    • Spiritual Leaders
    • Sports
    • Writers
  • Success Stories
  • Women
  • Quotes
  • Blog

© 2021 Leader Biography. All Rights Reserved.

Contact Us

×