Nykaa, the online retailer of fashion and beauty products, is in early talks with Japan’s SoftBank Group Corp. to raise $150-200 million, according to two people aware of the development.
The latest funding round, if it goes through, will take Nykaa’s valuation to anywhere from $700 million to $800 million. It will also be the first foreign investment into the company, which has so far raised capital only from Indian funds and investors.
