Home Fashion Nykaa to raise Rs 100 crore to expand private label

Nykaa to raise Rs 100 crore to expand private label

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As looks to turn profitable in next 10-12 months, so it is planning to expand its private label offering. It is expected that will report a revenue of Rs 240-300 crore by March 2017 with the sales amounting to Rs 80-100 crore.

Nykaa to raise Rs 100 crore to expand private label offering
Nykaa will be soon launching its own line of kohl, lipsticks, perfume and make-up

In October, Nykaa.com, run by , raised $9.5 million. Now, it is looking forward to raise Rs 90-100 crore in coming 6-10 months. With the new round of funding, it will be supporting its private label business and expanding into offline stores.

It is expected that soon Nykaa will be launching its own line of kohl, lipsticks, perfume and make-up in coming 3-12 months. The company has already forayed into nail paints and bath and body products.

Currently, Nykaa has one offline store at Delhi Airport and it is in the process of opening three more stores in Mumbai, Delhi and Bengaluru in the coming quarter.  It is also looking to expand its offering the men’s segment.