Katrina Kaif has invested her capital in the e-commerce platform Nykaa. Last year, Katrina along with Nykaa launched her makeup brand ‘Kay Beauty’.
Bollywood glamor girl Katrina Kaif (Katrina Kaif) has now become a business woman. Katrina has invested her capital on the e-commerce platform Nykaa. However, the amount of capital invested is not disclosed. Let us tell you that last year, Katrina together with Nykaa launched her makeup brand ‘Kay Beauty’. Katrina was working on this brand for the last three years. Katrina Kaif said in a statement, “I was familiar with the company’s growing brand equity and market leadership and investing in it is my next step.
The founder of Nykaa praised Kaif- Talking about her relationship with Kaif, founder of online beauty and wellness retailer Nykaa.com, Falguni Nair said, “I appreciate her work ethic, her understanding of beauty products. She is a wonderful partner and I am glad that this partnership is getting stronger with their investment in Nyika. Katrina has launched around 64 items of makeup at Kay Beauty.
5 Million Monthly Active Users – Earlier in May 2020, it had raised 100 crores ($ 13 million) from its existing investors. According to reports, Nyaka made a profit of around 2.3 crore in FY 2019, while its revenue was Rs 1,159.32 crore. This e-commerce platform has expanded its market rapidly. If we talk about its monthly active user, then there are 5 million. Nykaa has 70 stores in India, catering to over 1.5 million orders a month.
on the website. More than 40,000 products – Nayaka Filhal sells products of 400 brands. There are more than 40,000 products on its website. Nykaa completed its first round of funding in June 2014. During this time, the company raised $ 3.2 million from Indian investors.