Yet another big opportunity for the signage players, which engage in is-tore display tasks, is that beauty e-commerce player Nykaa has announced that they have raised Rs 82 crore in series C funding for its physical store expansion. The company further said that it has plans to open 30 new physical stores by 2020 in addition to four existing stores. Founded in 2012, by FSN E-Commerce Ventures Pvt Ltd, the company has a robust content offering with its blog and social media platforms a wide menu of over 450 international and Indian brands. The multi-brand portal has seen four-fold growth over the past year, and is currently on a net revenue run rate in excess of Rs 250 crore.
