Nykaa joined the Unicorn Club on March 31, 2020 after raising a $24.7 million Series E funding round, reaching a $1.34 billion valuation. Founded in 2012, the company is headquartered in Mumbai, Maharashtra, India. Nykaa operates a beauty focused retail platform offering cosmetics, skincare, haircare, and beauty accessories through digital channels.
The platform combines curated product discovery, new brand launches, and beauty advice to support informed purchasing decisions.
Keep reading to learn how Nykaa became a leading beauty tech unicorn in India.
What Is Nykaa and What Does It Do?
Nykaa is a beauty and personal care retail platform offering cosmetics, skincare, haircare, fragrances, and beauty accessories. The company operates primarily through online channels, providing access to domestic and international beauty brands.
Nykaa also develops its own private label products and offers beauty tutorials, trends, and expert advice. Its content driven commerce model focuses on customer education, brand trust, and repeat engagement across beauty categories.
How Much Funding Has Nykaa Raised?
1. Seed Round
- Amount Raised: $0.5 million
- Date: 2012
- Lead Investors: Early stage angel investors
- Purpose: Launch online beauty retail platform and onboard initial brands
2. Series A Round
- Amount Raised: $3 million
- Date: 2013
- Lead Investors: TVS Capital Funds
- Purpose: Build core technology platform and expand product assortment
3. Series B Round
- Amount Raised: $18.5 million
- Date: 2014
- Lead Investors: TVS Capital Funds
- Purpose: Scale operations and strengthen supply chain capabilities
4. Series C Round
- Amount Raised: $15 million
- Date: 2015
- Lead Investors: TVS Capital Funds
- Purpose: Expand customer base and invest in marketing initiatives
5. Series D Round
- Amount Raised: $13 million
- Date: 2016
- Lead Investors: TVS Capital Funds
- Purpose: Launch private label brands and enhance logistics infrastructure
6. Series E Round
- Amount Raised: $24.7 million
- Date: March 2020
- Valuation: $1.34 billion
- Lead Investors: Steadview, Sunil Kant Munjal
- Purpose: Strengthen brand portfolio and accelerate omnichannel growth
Total Funding Raised: $103 million Latest Funding Date: March 2020 Latest Known Valuation: $1.34 billion Employee Count: 8,001 as of June 2025
Key Investors
- TVS Capital Funds
- Details: India focused private equity firm
- Focus Areas: Consumer brands, financial services, and technology enabled businesses
- ABG Capital
- Details: Investment firm focused on growth stage companies
- Focus Areas: Consumer technology, retail, and lifestyle brands
Where Is Nykaa’s Headquarters?
Nykaa is headquartered in Mumbai, Maharashtra, India, serving as the central hub for its leadership, digital commerce operations, and brand development teams.
What’s Next for Nykaa?
Nykaa is focused on expanding its private label portfolio, strengthening omnichannel retail presence, and deepening customer engagement through content and personalization. As a public company, it continues to invest in supply chain optimization, new category launches, and technology driven retail experiences.
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