Funding
Nykaa raises Rs 100 crore from Steadview
By Startup Enthusiast ·
- Date
- Company
- Nykaa
- What it does
- Nykaa, beauty retailer
- Kind
- Funding
- Amount
- Rs 100 crore
- Stage
- Private equity
- Based in
- Mumbai
- Founded
- 2012
What they do
Beauty and lifestyle retailer Nykaa announced a fresh Rs 100 crore investment from Steadview Capital, its existing main backer, on 31 March 2020
What happened
Steadview's founder said the brand had changed Indian beauty retail and stood out for customer service and careful use of capital
Why it matters
Earlier rounds included Rs 113 crore from Lighthouse India in 2018 and Rs 100 crore from TPG Growth in 2019
The details
- Nykaa raised Rs 100 crore from Steadview Capital.
- Steadview was already its largest outside investor.
- The money came after the 2019 TPG Growth round, made soon after the 20Dresses purchase.
- The company had grown from an online beauty store into a shop-and-online retailer.
Investors
More on Nykaa
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- Nykaa and L’Oréal’s BOLD partner to back Indian beauty startups24 September 2026 · Partnership
- Nykaa posts strong Q1 and FY26 results13 September 2026 · Results
- Nykaa outlines long-term growth targets for fiscal 203012 September 2026 · Milestone
- Nykaa hosts third annual Best in Beauty awards8 August 2026 · Award
- Nykaa Q1 FY27 profit triples to Rs 80 crore4 August 2026 · Results
- Nykaa acquires 51% stake in Aminu for ₹32 crore4 August 2026 · Acquisition · ₹32 Cr
- Nykaa hires ex-Instamart executive for quick delivery28 July 2026 · People