India: Beauty products retailer Nykaa raises $9m more from Steadview

India: Beauty products retailer Nykaa raises $9m more from Steadview

Photo: Nykaa

Online cosmetics and beauty products retailer Nykaa has raised an additional $9 million (Rs 66.64 crore) in funding from Asia-focused hedge fund Steadview Capital.

Steadview had pumped in Rs 100 crore in Nykaa last month, which had reportedly valued the Mumbai-headquartered startup at about $1.2 billion.

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