Beauty and wellness startup, Nykaa raised $9.5 million in series B round led by private equity firm TVS Capital. Marico Industries Chairman Harsh Mariwala and Hexaware Technologies Founder Atul Nishar also participated in the round. The firm has reportedly diluted 20% stake. Started in 2012 by Falguni Nayar, the online portal offers self-grooming products for both men and women.