Avendus Capital Advises Nykaa on Its Fundraise From Steadview Capital

We are very grateful to achieve this significant milestone. We deeply value the trust and support of our investors, customers and brand partners who have been instrumental to our success. Amid this unprecedented global crisis, we are working to ensure all our stakeholders are well served and that Nykaa emerges as a leading retail player in the industry.

We are excited to deepen our partnership with Nykaa. Nykaa has transformed the beauty industry in India and has established a very strong brand. We believe the company is poised for a strong growth trajectory in the years to come. The company’s focus on customer service and capital efficiency stands out in the Indian ecommerce space. 

Nykaa is amongst the best performing consumer internet companies globally with high growth trajectory and profitability, which is a unique distinction. Nykaa continues to transform the beauty industry with its wide curation and engaging content on the back of an omni-channel model and differentiated private label approach. With customer centricity at its core, it leverages technology at every touch point. This transaction reaffirms our faith in the Indian e-commerce space where companies with differentiated propositions are creating value in the ecosystem.