Total amount raised
$1.5 Billion
Latest funding date
7/1/2024
Location
Nykaa has successfully raised funding over 16 rounds, with its latest round being a Post-IPO Equity round. The company is backed by 29 investors, including notable names like Morgan Stanley Asia and Aditya Birla Sunlife Mutual Fund.
Nykaa's journey in the beauty and wellness market is marked by strategic investments and acquisitions, including its recent acquisition of Earth Rhythm. Keep reading to explore the intricacies of Nykaa's fundraising journey and the investors backing this innovative platform.
What Is Nykaa?
Nykaa is an online marketplace specializing in beauty and wellness products. Headquartered in Mumbai, Maharashtra, India, the company operates in multiple categories, including beauty, e-commerce, fashion, lifestyle, and wellness. With a significant employee count ranging from 1001 to 5000, Nykaa has established itself as a prominent player in the industry.
Founded by Falguni Nayar, Nykaa has grown to become a public company, raising funds through various rounds, including Post-IPO Equity. The platform offers a wide range of beauty products, from skincare to makeup, and is known for its strategic investments and acquisitions, further solidifying its position in the market.
How Much Funding Has Nykaa Raised?
- Round Name: Series E
- Amount Raised: INR 1,000,000,000
- Date: April 2019
- Lead Investors: TPG Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion plans.
- Round Name: Secondary Market
- Amount Raised: USD 30,000,000
- Date: December 2019
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate partial exits for early investors and employees with ESOPs.
- Round Name: Series F
- Amount Raised: INR 1,000,000,000
- Date: March 2020
- Lead Investors: Steadview Capital
- Valuation at Round: Over $1.2 billion
- Motivation Behind the Round: To support the company's growth and achieve a valuation milestone.
- Round Name: Series F
- Amount Raised: INR 670,000,000
- Date: May 2020
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the company's growth and expansion.
- Round Name: Series H
- Amount Raised: INR 196,000,000
- Date: June 2020
- Lead Investors: Sunil Kant Munjal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's strategic initiatives and growth plans.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate partial exits for early investors and employees with ESOPs.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2020
- Lead Investors: Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate partial exits for early investors and employees with ESOPs.
- Round Name: Post-IPO Equity
- Amount Raised: INR 2,081,409,809
- Date: November 2022
- Lead Investors: Aberdeen Standard Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's post-IPO growth and expansion plans.
- Round Name: Post-IPO Secondary
- Amount Raised: INR 3,357,200,000
- Date: November 2022
- Lead Investors: Aditya Birla Sunlife Mutual Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's post-IPO growth and expansion plans.
- Round Name: Post-IPO Equity
- Amount Raised: USD 1,250,000,000
- Date: July 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's continued growth and expansion.
Nykaa has raised a total of USD 1,250,000,000. The current valuation is Not publicly disclosed.
Key Investors
- Morgan Stanley Asia
- Details: Morgan Stanley Asia is a division of Morgan Stanley, focusing on private equity investments in Asia. It participated in Nykaa's Post-IPO Secondary round.
- Investment Focus Areas: Private equity, financial services, technology.
- Notable Investments: Nykaa, Flipkart, Alibaba.
- Aditya Birla Sunlife Mutual Fund
- Details: Aditya Birla Sunlife Mutual Fund is one of India's leading mutual fund companies. It has invested in Nykaa, supporting its growth and expansion.
- Investment Focus Areas: Mutual funds, financial services, consumer goods.
- Notable Investments: Nykaa, HDFC Bank, Reliance Industries.
- Fidelity Management & Research Company, LLC
- Details: Fidelity is a Boston-based asset management firm known for its extensive portfolio of investments. It led a secondary placement round for Nykaa.
- Investment Focus Areas: Asset management, technology, healthcare.
- Notable Investments: Nykaa, Amazon, Google.
- Steadview Capital
- Details: Steadview Capital is a long-term investment firm focusing on high-growth companies in emerging markets. It has made multiple investments in Nykaa.
- Investment Focus Areas: High-growth companies, emerging markets, technology.
- Notable Investments: Nykaa, Zomato, Ola.
- TPG Growth
- Details: TPG Growth is a global private equity firm that focuses on growth capital investments. It led Nykaa's Series E round.
- Investment Focus Areas: Private equity, healthcare, technology.
- Notable Investments: Nykaa, Uber, Airbnb.
What's Next for Nykaa?
Nykaa's future looks promising with its expansion into men's fashion and grooming categories, tapping into a growing market segment. The company's revenue, which was Rs 1,860 crore for the year ending March 2020, is projected to grow by around 40% for FY 2021, indicating substantial growth opportunities.
Investor confidence remains high, as evidenced by Fidelity's recent investment. This strong backing could pave the way for future fundraising opportunities, enabling Nykaa to further solidify its market position. However, maintaining high growth rates in a competitive market and adapting to changing consumer preferences will be crucial challenges.
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