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Nykaa net profit soars over 3X; VC funding remains modest

Omnichannel beauty and fashion retailer Nykaa has clocked a more than 3x rise in net profit and a 29% rise in revenue for the first quarter of the 2026-27 fiscal year, driven by overall demand. Meanwhile, VC funding in Indias startup ecosystem declined in July.

5 Aug 2026 7:30 am