Beauty products eCommerce portal Nykaa is raising funds from investors to expand its online business and establish retail outlets, including one at New Delhi’s airport in Terminal 3, as its aims to capture a slice of the growing demand for luxury beauty brands amongst the increasingly affluent Indian population. The business which was founded in 2012 by Falguni Nayar and her husband Sanjay Nayar forms part of the surging Indian eCommerce market which had an estimated value of some US $13 billion in 2013 and is predicted to grow to US $76 billion by 2021.
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