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…
Tag: Operations suspended
Coronavirus: Companies temporarily shutting down its operations in India
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•There is not a single nation that has not been impacted due to the coronavirus pandemic. The number of coronavirus cases are continuously rising in the western and the european nations, affecting all sectors in terms of jobs, production and trade. US and Italy are the most impacted nations due to the pandemic resulting in…
Coronavirus Outbreak: Corporations temporarily suspending operations in China
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•Amidst a global fear of the flu-like Coronavirus, many corporations around the world have decided to temporarily shut their operations in China. With the virus spreading fast, an alarm has been set off across the globe with companies shutting their stores, putting travel restrictions on employees and warning of a financial hit from slowing business…