Nykaa Listed (NSE: NYKAA / BSE)Unicorn
Nykaa (legally FSN E-Commerce Ventures Limited) is an Indian omnichannel beauty, personal care and fashion retailer founded in April 2012 by Falguni Nayar, combining an inventory-led model for beauty/personal care with a marketplace model for fashion across nykaa.com, its apps, and 250+ physical stores. It became India's first unicorn led by a woman founder in 2020 and listed on the…
Nykaa: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 1 Nov 2020 | Secondary purchase | Undisclosed | Fidelity Investments | source |
| 2 Jun 2020 | Preferential allotment | ₹19.6 Cr | Sunil Kant Munjal | source |
| 1 May 2020 | Follow-on equity | ₹66.64 Cr | Steadview Capital | source |
| 1 Apr 2020 | Equity round (Unicorn round) | ₹100 Cr | Steadview Capital | source |
| 1 Apr 2019 | Growth equity | ₹100 Cr | TPG Growth | source |
| 14 May 2018 | Series D | ₹165 Cr (~$24.3 Mn) | Harsh Mariwala Dalip Pathak Max Ventures Sunil Kant Munjal TVS Capital Funds | source |
| 5 Oct 2015 | Series B | $9.5 Mn | TVS Capital Funds Atul Nishar Dalip Pathak Harsh Mariwala (family office) Michael Carlos | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 12 Aug 2025 | Nykaa | nudge-wellness-remaining-40-stake-to-100 | ₹14.26 lakh | source |
| 13 Aug 2024 | Nykaa | dot-key-additional-39-stake-to-90 | ₹265.3 Cr | source |
| 13 Aug 2024 | Nykaa | earth-rhythm-majority-stake | ₹44.5 Cr | source |
| 5 Aug 2022 | Nykaa | little-black-book-lbb | Undisclosed | source |
| 22 Apr 2022 | Nykaa | kica-100-stake | Undisclosed | source |
| 22 Oct 2021 | Nykaa | dot-key-51-stake | Undisclosed | source |
| 12 Apr 2021 | Nykaa | pipa-bella | Undisclosed | source |
| 22 Mar 2019 | Nykaa | 20dresses-com | Undisclosed | source |
Recent Signals
-
12 Jul 2026 · financial
Nykaa Q3 FY26 net profit jumps 143% YoY to ₹63.3 crore, revenue up 26.7% to ₹2,873 crore source -
12 Jul 2026 · growth-traction
Nykaa crosses ₹10,000 crore (~$1 billion) revenue milestone in FY26 as profit surges source -
16 Jun 2026 · ma-strategic
Nykaa partners with OpenAI to build AI-native beauty and fashion commerce inside ChatGPT source
News on Nykaa
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22 May 2026
Nykaa cross $1B annualised revenue mark in FY26
L Litmus · by Lapaas
See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs on Nykaa
Who founded Nykaa?
Nykaa was founded by Falguni Nayar, Adwaita Nayar in 2012.
How much funding has Nykaa raised?
Nykaa has raised $33.8 Mn across 7 tracked funding round(s), most recently on 2020-11-01. Figures are compiled from cited public sources.
Who are the investors in Nykaa?
Investors in Nykaa include Fidelity Investments, Sunil Kant Munjal, Steadview Capital.
What does Nykaa do?
Nykaa (legally FSN E-Commerce Ventures Limited) is an Indian omnichannel beauty, personal care and fashion retailer founded in April 2012 by Falguni Nayar, combining an inventory-led model for beauty/personal care with a marketplace model for fashion across nykaa.com, its apps, and 250+ physical stores. It…
Where is Nykaa headquartered?
Nykaa is headquartered in Mumbai, Maharashtra, India.
What is Nykaa's business model?
Nykaa's core value proposition centers on Guaranteed authenticity in a counterfeit-prone category, One-stop beauty + fashion assortment, Omnichannel, touch-and-feel retail, Content- and community-led discovery.
How does Nykaa make money?
Nykaa's cited revenue streams include Superstore by Nykaa (B2B wholesale), Advertising / ad-tech platform.