Nykaa, India’s leading beauty and fashion destination, announced several new senior leaders across technology, finance, business, and marketing to spearhead its next phase of growth. The new leaders will join existing leadership, now comprising over 50 leaders, and will be instrumental in driving the company’s growth agenda forward. Each leader has been carefully selected for…
Tag: Falguni Nayar
Nykaa appoints P Ganesh as Chief Financial Officer
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•FSN E-Commerce Ventures Ltd, which runs the fashion and beauty platform Nykaa, announced the appointment of P Ganesh as its Chief Financial Officer, according to ETHRWorld report. His appointment will be effective on February 3, 2023, the company said in an exchange filing. Former CFO Arvind Agarwal quit Nykaa in November last year to join…
Nykaa appoints Sujeet Jain as Chief Legal and Regulatory Officer
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•Beauty e-retailer Nykaa has appointed Sujeet Jain as chief legal and regulatory officer, according to VCCircle report. Jain has 25 years of experience in mainly in the media and cement sectors and has held leadership and senior management roles at companies like UltraTech and Viacom18 in the past. During his previous stints, he has worked…
Nykaa strengthens executive team with the appointment of Rajesh Uppalapati as CTO
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•FSN E-Commerce Ventures Ltd (NYKAA) announces the appointment of Rajesh Uppalapati as their new Chief Technology Officer (CTO) to strengthen Nykaa’s position as a best-in-class consumer technology platform. Over a decade, Nykaa has carved a niche for itself by creating a seamless, omnichannel experience backed by latest and robust technological capabilities and this new, strategic…
Nykaa announces expansion plans, forms strategic alliance with Middle East-based Apparel Group
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•Nykaa, an omnichannel consumer-tech company, received board approval to sign an agreement with the Middle East’s Apparel Group, a global fashion and lifestyle retail conglomerate headquartered in the United Arab Emirates (UAE). Bringing its proven multi-brand beauty retail expertise to this alliance, Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market…
Mumbai-based FlexiLoans raises Rs150 cr in debt and equity funding
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•FlexiLoans, a Mumbai-based online lending platform, announced that it has raised Rs 150 crore in a mix of debt and equity financing from multiple investors. The investment was led by Falguni and Sanjay Nayar Family Office. The startup plans to use the funds raised to scale up its micro SME lending and launch new lending…
Steadview Capital invests additional Rs67 cr in Nykaa
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•Steadview Capital, an Asia-focused hedge fund, announced it has invested an additional Rs 67 crore in online beauty retailer Nykaa. Till now, the firm has invested close to Rs 170 crore in the company and holds a 3% stake in the venture. The latest capital infusion follows the Rs 100 crore investment Steadview Capital made…
Nykaa raises ₹100Cr from Steadview, operations halted due to coronavirus
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•Mumbai-based online beauty retailer Nykaa recently announced that it has raised ₹100Cr from existing investor Steadview Capital. Nykaa had earlier raised ₹100Cr from Singapore-based investment firm TPG Growth at a valuation of $724mn in March 2019. It was also being speculated for quite some time now that Nykaa has been planning for larger funding round…