Nykaa, founded in 2012, became a unicorn in 2020 after raising a $24.7 million Series E round at a $1.34 billion valuation. The company has raised $103 million across six funding rounds and is now publicly listed. Headquartered in Mumbai, India, Nykaa operates a beauty focused digital retail platform offering cosmetics, skincare, and haircare products. With strong brand equity, private label growth, and a content driven commerce model, Nykaa continues to scale its presence across India’s beauty and personal care market.