Beauty products e-tailer Nykaa is raising $14 million (₹100 crore) in funding from TPG Growth at $724 million (over ₹5,000 crore) valuation. It was last valued at reportedly $400 million and raised nearly $16 million from Lighthouse India Fund in September 2018. Nykaa was founded in 2012 by Falguni Nayar, a former Managing Director at Kotak Investment Banking.