Know what will be the valuation of the company
Nykaa, a popular online retail company of beauty products and cosmetics, is planning to launch an IPO. Whose valuation will be like this.
- January 7, 2021, 11:46 AM IST
The valuation of the company will be so much
This company was started by former investment banker Falguni Nair. According to information from the sources, the valuation of the company for the IPO can be put at $ 3 billion (about Rs 22,000 crore). On the condition of anonymity, the people associated with the case said that the company’s priority has been listed in India. But that company can also consider listing in foreign markets. There may be some changes in the information related to the issue size and timeline etc.
Also read: ICICI Pru launches affordable term insurance with PhonePe, will be able to benefit from sitting at homeIn the year 2018, the company’s founder and CEO Nair had said in an interview to news agency PTI that the company could offer an IPO in two years. However, due to the epidemic there may be a slight change in those plans.
1,200 brands are associated with Nykaa
The heroine was started in the year 2012. According to the website, there are 1,200 brands associated with make-up, skin care, health, haircare with the company. 5.5 crore customers log on to the company’s site every month. The company has six warehouses in the country. It gets about 13 million orders every month.
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These companies invested
Apart from global fund houses like TPG, Nayika has also invested in the business office of business tycoon Sunil Munjal. Munjal belongs to Hero Enterprises. Apart from this, Fidelity Management and Research had invested in the company in November, the amount of which was not disclosed.