Business Standard

Wednesday, December 25, 2024 | 12:15 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Lighthouse India acquires secondary stake in Nykaa for Rs 1.13 bn

Nykaa is looking to expand its portfolio with the launch of exclusive brand partnerships and increase its offline footprint to 90 stores across India by 2020

Nykaa logo
Premium

Nykaa logo

BS Reporter Mumbai
Lighthouse India Fund III Limited, an affiliate of Lighthouse Advisors, has invested Rs 1.13 billion to acquire a secondary stake in beauty retailer Nykaa. 

Nykaa raised Rs 1.6 billion through primary and secondary share sale with the participation of existing investors earlier this year.

The beauty retailer achieved revenues of Rs 5.7 million in FY18 and has been EBITDA positive for two quarters in a row. Nykaa will now look to expand its portfolio with the launch of exclusive brand partnerships and increase its offline footprint to 90 stores across India by 2020.

"We are excited to welcome Lighthouse to our shareholder

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in