India Dealbook: Design Cafe, Nykaa in funding news

Photo: Nykaa

Online interior design platform Design Café, operated by GS E-Commerce Pvt. Ltd, is raising Rs 24.99 crore from its existing investors WestBridge Capital and Fireside Ventures. In a separate development, Hero Group’s Sunil Kant Munjal, who is already an existing investor in Mumbai-based beauty marketplace Nykaa, is pumping in more capital in the company to facilitate its growth plans.

Design Cafe raising capital from existing investors  

Online interior design platform Design Café, operated by GS E-Commerce Pvt. Ltd, is raising Rs 24.99 crore from its existing investors WestBridge Capital and Fireside Ventures, per a report by INC42.

Established in 2011, the Bengaluru-headquartered company claims to have designed and built over 5000 homes across the country.

The corpus that is being raised will help Design Café expand its operations across the country.

Following the current round of investment, WestBridge and Fireside will hold 50.82 per cent, and 20.42 per cent stake in the company, the report further added.

Hero Group’s Sunil Kant Munjal investing in Nykaa

Hero Group’s Sunil Kant Munjal, who is already an existing investor in Mumbai-based beauty marketplace Nykaa, is pumping in more capital in the company to facilitate its growth plans, per media reports.

Munjal, who had first invested in Nykaa in 2016, is infusing Rs 19.6 crore in the current round of transaction, per a report by VC Circle.

The funding is said to be a part of Nykaa’s ongoing round that has already seen participation from Steadview Capital, among others.

Founded in 2012, Nykaa is an omnichannel beauty destination that sells brings products including skincare, haircare, and fragrances, among others, for both men and women on its platform.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.