India’s leading omnichannel beauty and wellbeing merchant, Nykaa, is wanting to be listed on the exchange. The corporation is seeking a valuation of $3.5 billion and is wanting to lift around $500 million from its initial listing. Nykaa is looking at banks and money establishments like Kotak Mahindra Capital and Morgan Stanley for its initial offering launch.

The Mumbai-based company was supported by ex-investment banker Falguni Nayar, WHO has been at the helm since the company’s origin in 2012. The corporate has recently been creating waves within the online self-care niche with additional and additional funding coming back in from offshores, and with aggressive plans of enlargement for FY2022, it’d appear Nykaa’s time for a superhit initial offering launch is here. Associate in Nursing’s bold launch would facilitate Nykaa’s improved profit and expand the scope of its business.

The company is ready to travel to the public by the end of this year or at the foremost by the start of 2022. Nykaa’s initial offering launch date was proclaimed right once it nonheritable jewelry whole amphibian genus in Gregorian calendar month 2021. The whole is quickly adding banks and bourgeois bankers to its initial offering bucket, because of that the small print of the initial offering might be modified multiple times before it even reaches the launch month.

Nykaa’s success as an imaginary creature has several investors quite interested. we’ve listed down everything that you simply may have to understand regarding:

Nykaa Company Details

Nykaa was incorporated in 2012 and was seed-funded by Falguni Nayar, her friends, and her family. The corporation began as a web channel for beauty and wellbeing merchandise. In 2015, Nykaa expanded to the offline retail area, and it presently has seventy stores across the country. In 2017, the corporation started housing luxury brands as well as Tom Ford, Dior, and Givenchy.

The Premium section accounts for forty fifth of Nykaa’s revenue nowadays. It’s presently India’s largest women-oriented marketplace with over one.5 million users. Nykaa receives around one.7 million orders per month. The corporation has over one,200 brands with classes like makeup, health supplements, and aid, among varied others. fifty five million folks visit Nykaa’s on-line store monthly, and it’s half-dozen warehouses to satisfy orders across the country.

Nykaa Funding

  • Nykaa is funded by 15 investors. Fidelity Management and Research Company and Alia Bhatt are the most recent investors.
  • Nykaa has acquired 3 organizations. Their most recent acquisition was Dot & Key Wellness on Oct 22, 2021.
  • Nykaa has raised a total of $148.5M in funding over 13 rounds. Their latest funding was raised on Nov 26, 2020 from a Secondary Market round.
  • Nykaa is registered under the ticker NSE: NYKAA Their stock opened with ₹2,018.00 in its Nov 10, 2021 IPO.

While Nykaa directly competes with Purplle, it additionally has horizontal players like Amazon and Flipkart with the exception of LimeRoad and Myntra within the fashion e-commerce class among its competitors. The corporation had a rate of growth of seventy eight per cent in FY19 compared to the preceding year, as per Statista. The digital beauty and private care market in Asian nations is calculable at Rs half dozen000 large integer with 6 per cent share within the overall market, consistent with RedSeer. The Indian cosmetics market is probably going to grow from $6.5 billion in size in 2017 to around $20 billion by 2025 at a CAGR of twenty five per cent whereas the worldwide market are around $450 billion by 2025.

(Also, Read Top 10 Indian Women Entrepreneurs)