News > Nykaa raises undisclosed amount from Fidelity

Nykaa raises undisclosed amount from Fidelity

Nykaa completed a secondary placement that facilitated partial exit for its early investors as well as an exit for employee ESOPs. This recent transaction was led by Boston-based asset management company Fidelity Management & Research Company, LLC, which made an undisclosed investment in the beauty and fashion unicorn.

Earlier this year in March, the company had also raised Rs 166 crores from Steadview Capital through a primary transaction, and which led to a valuation of over $1.2 billion.