Falguni, who is married to the leading private equity fund KKR India boss Sanjeev Nayar, was a former managing director of Kotak Investment Banking.
A Max India arm Max I. India, which again is a subsidiary of Max Ventures & Industries, along with existing investors today agreed to pump in an additional Rs 21.8 crore into the portal, taking its total capitalisation to Rs 104.3 crore this year, the company said.
"This funding will help accelerate the business, increase the existing portfolio of brands by importing new labels, expand the brick-and-mortar footprint and strengthen its highly successful private label offering," the company said.
Founded in 2012 by FSN E-Commerce Ventures, the holding company of Nykaa is spearheaded by Falguni Nayar along with a team of experienced professionals, the company follows an inventory-led model and offers over 450 international and domestic brands.
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