Before starting Nykaa, Nayar was managing director at domestic investment bank Kotak Mahindra Capital Co. Ltd. “Nykaa is in talks with various people to raise its latest round of capital, its fourth round so far. The company is seeking a valuation of around Rs3,000 crore,” said one of the persons cited above, requesting anonymity as the talks are private. “We don’t comment on these matters,” said Gopal Srinivasan, founder chairman of TVS Capital Funds in an email response. Earlier in 2015, the company had raised Rs60 crore in a round led by TVS Capital.

Source: Mint April 12, 2018 23:48 UTC