Steadview invests Rs 67 Cr more in Nykaa; holds 3% stake
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Omnichannel beauty and lifestyle retailer Nykaa has mopped up another Rs 67 crore from its existing investor, Steadview Capital. Only last month, Nykaa had received Rs 100 crore from the Hong Kong and London-based hedge fund. Following the deal, Steadview Capital will be holding a 3% stake in the Falguni Nayar-led firm. The fresh capital has come at a time when e-commerce, especially non-essential businesses, has plummeted.