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Why one of India’s top online beauty retailers chose to go brick-and-mortar

Suneera Tandon
Why one of India’s top online beauty retailers chose to go brick-and-mortar

Nykaa, one of India’s top beauty e-tailers, is all set to chase profitability even as it invests in opening more brick-and-mortar stores. On May 14, the Mumbai-headquartered company said it has raised Rs165 crore ($24.3 million) in series D funding led by Hero Corporate Service chairman Sunil Kant Munjal and consumer goods veteran Harsh Mariwala,…