Almost a year after it raised a Rs 60 crore from TVS Shriram Growth Gund, online beauty retailer Nykaa.com is getting ready to raise up to Rs. 100 crore. This will be its largest fund raising since its launch about four years ago. The e-tailer will use the funds primarily to expand its private labels and offline stores. With plans to turn EBITA positive next year, Nykaa, operated by FSN E-Commerce Ventures, is in talks with both existing and new investors to raise the fresh round. Emulating the model of global retailers like Sephora and Ulta, Nykaa is poised to expand its brick-and-mortar presence under the Nykaa Lux brand. Nykaa’s venture into physical stores will be an added business advantage for the signage firms whose activities revolve around in-shop designs, branding and graphic jobs.
