Nykaa Is Raising INR 19.6 Cr From Hero Group’s Sunil Kant Munjal
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Mumbai-based beauty marketplace Nykaa is raising additional funds in its ongoing funding round from existing investor Sunil Kant Munjal, one of the founder promoters of the Hero Group. Munjal is among the early investors in Nykaa. Reportedly, Nykaa’s parent company FSN Ecommerce Ventures Private Limited decided to create, offer, issue and allot fresh equity shares on preferential basis to Munjal in a meeting on May 22.