Nykaa raised fresh funding from Steadview Capital
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Fashion and beauty e-commerce platform Nykaa has recently raised Rs100 crore from its existing investor Steadview Capital. Due to the temporary suspension of its operations, during the COVID19 pandemic and ongoing lockdown across the country, Nykaa’s cash flow has been impacted, like all consumer-facing businesses. Coincidentally, last year, on this same day, Nykaa had announced its last fund raising.