Lighthouse India invests $15.8m for minority stake in Nykaa; TVS Shriram exits

Lighthouse India invests $15.8m for minority stake in Nykaa; TVS Shriram exits

Nykaa founder Falguni Nayar. Photo: Abhijit Bhatlekar/Mint

Lighthouse India Fund III Ltd, an affiliate of consumer-focused private equity firm Lighthouse Advisors, has invested Rs 113 crore ($15.8 million) for a minority stake in beauty and wellness startup Nykaa through a secondary share sale.

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