Dot & Key

Beauty · Skincare (Nykaa-owned, not Marico)

Acquired (Nykaa 90%)India

HQKolkata, India

Founded2018

FoundersAnisha Agarwal, Suyash Saraf

RegionIndia

FY24 Revenue₹198.3 Cr (FY24)

FY25 Revenueprofitable FY25: ₹56 Cr

YoY growth+244% YoY

Profitabilityprofitable

Channel mix not disclosed.

D2C—

Marketplace—

Offline—

Stores—

Primary stackCustom

Shopify share—

Mobile appNo

Stack signals

Nykaa synergy

Nykaa-owned (NOT Marico). Stake 51%→90% in 2024 (₹265.3 Cr). FY24 ₹198 Cr (+244%); ~₹600 Cr GMV.

Confidence: verifiedVerified 5 Jun 2026

Latest roundStake increase to 90%2024

Round size₹265.3 Cr

Total raised—

Valuation—

Investors

Nykaa (FSN E-Commerce)RPSG (earlier)

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