NYKAA SHUTS SHOP AFTER CLOSING A 100 CRORE FUNDING IN WAKE OF COVID-19 IMPACT

• Beauty and Cosmetics retailer Nykaa has bitten dust ever since the lockdown came into effect.
• It  has shut down operations, even though having raised funds to the tune of 100 cores.

The company has to say that the lockdown has put the operations under severe stress and has put the cash follow and income under the scanner.

The COVID-19 crisis has turned many retail giants to rubble not sp....