• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Nykaa Aims To List Its Valuation At $4.5 Billion

by Ayushi Mehta
June 4, 2021
in News
Reading Time: 2 mins read
0
Nykaa Aims To List Its Valuation At $4.5 Billion
TwitterWhatsappLinkedin

You might also like

Android 16 Rolls Out With New Features for Pixel Phones and Beyond

Nippon Steel Asserts Need for ‘Management Freedom’ in U.S. Steel Takeover

Google Is Shutting Down Android Instant Apps Due to Low Usage

The beauty product store Nykaa said that it plans to go public in later this fiscal year at a valuation of $4.5 billion, which is almost a raise of $1.5 billion from its previous valuation which was at $3 billion. The beauty retailing company had started up gaining from a marked shift towards the online sale during the time of the Coronavirus pandemic.

The beauty retailing brand was founded by Falguni Nayyar, a former investment banker. She said that she will always keep the size of the public offering between $500 million and $700 million and it will always be unchanged.

The news was given by two internal sources that decline to reveal their identity as the matter has not been officially disclosed yet.

The sources say that the rise in Nykaa’s overall valuation is a result of a surge in its revenue and profit for the e-commerce platform, mailiy because of the issues related to the Coronavirus pandemic and this has encouraged the customers to move to the online store to purchase.

In January, a news agency Mint reported and quoted the sources that are aware of the matter that the company was planning to go public by the end of the year or latest by early January 2022, at a valuation of $3 billion.

“The road shows are on for the IPO (initial public offer), and FSN Ecommerce Ventures Pvt. Ltd, the holding company of Nykaa, will file its draft red herring prospectus by this June-end or early July, and the IPO should take off in the March quarter of this fiscal,” said one of the two sources.

“The public offer will be coupled with an offer for sale to provide an exit to existing investors. The price band is yet to be decided, but a 10-20% stake of the firm could be offered to the public for an adequate free-float,” he said further.

The spokesperson from Nykaa declined to make any comments from the matter.

“Globally, fashion and lifestyle businesses have remained unscathed by the pandemic. Nykaa, like similar players outside India, has demonstrated phenomenal growth. It will have a first-mover’s advantage when it lists. The company has an immense potential to scale up and after this IPO, possibly, Nykaa’s contenders such as Colorbar too would look for public listing,” said Sudip Bandopadhyay, the group chairman at Inditrade Capital, which is a research, broking and investment firm.

Tags: acquisitionBusinesse-commerceecommerceentrepreneursentrepreneurshipfinancefundingIndiaInvestmentinvestmentsMarketing
Tweet54SendShare15
Previous Post

WhatsApp indulging in anti-user practices, obtaining `trick consent`: Centre tells Delhi High Court

Next Post

Elon Musk gives hilarious replies on Twitter

Ayushi Mehta

Hey! My name is Ayushi Mehta, I'm 19 years old. I am a big time literature and tech enthusiast. A cub Journalist. Thank you for checking out my articles! To connect, email me at- [email protected]

Recommended For You

Android 16 Rolls Out With New Features for Pixel Phones and Beyond

by Anochie Esther
June 14, 2025
0
Android 16

Google has officially launched Android 16, the latest iteration of its mobile operating system. As expected, the update is rolling out first to Pixel devices, with wider availability...

Read more

Nippon Steel Asserts Need for ‘Management Freedom’ in U.S. Steel Takeover

by Anochie Esther
June 14, 2025
0
Nippon Steel

Shares of U.S. Steel dropped by 4% after a Nippon Steel executive told Japan’s Nikkei newspaper that the company's planned $14.9 billion acquisition of U.S. Steel hinges on...

Read more

Google Is Shutting Down Android Instant Apps Due to Low Usage

by Anochie Esther
June 14, 2025
0
Google

Google has officially confirmed that it will be sunsetting Android Instant Apps in December 2025, bringing an end to one of its more ambitious efforts to simplify app...

Read more
Next Post
Elon Musk

Elon Musk gives hilarious replies on Twitter

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?