Nykaa to raise Rs 125 Cr in debentures from foreign portfolio investor

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Nykaa to raise Rs 125 Cr in debentures from foreign portfolio investor - YourStory

Quick Summary:

Falguni Nayar-led Nykaa did not reveal how it plans to use the funds, but is focusing on GCC expansion amid stiff competition from Reliance’s Tira and Tata Cliq.

Nykaa projected a revenue growth of around 22-23% year-on-year for the first quarter of FY25. The company also noted that its gross merchandise value growth for the period was in the mid-twenties on a YoY basis.

It further unveiled its plans to make additional investments of $1.9 million through its international arm in Nyssa International.