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Nykaa IPO: Beauty startup files papers for issue with SEBI, to raise Rs 4000 cr

Aug 03, 2021 09:17 IST | By Editorji News Desk

Adding the glam to the IPO calendar, Nykaa has filed papers with market regulator SEBI to raise around Rs 4,000 crore via an initial public offering (IPO) as per reports. According to reports the cosmetic e-tailer is planning to raise Rs 4,000 crore in the IPO and sources said the company is seeking a valuation between Rs 35,000 crore to Rs 40,000 crore.

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About Nykaa 

Nykaa was founded in 2012 by Falguni Nayar, the erstwhile MD of Kotak Mahindra Capital Company. It is today the largest multi-brand beauty & personal care platform in India commanding nearly a third of the marketshare in it's segment. After starting as an online beauty platform, Nykaa also launched offline stores and has >80 outlets today. 

The Profitable Startup 

The company achieved a revenue of Rs 1800 cr in FY20, revenues have grown 100 times over FY15-20. Nykaa has seen sharp improvement in profitability over the years; it became profitable in FY19 and Ebitda jumped to more than Rs 80 cr in FY20

Read/Watch Also: 4 IPOs open on August 4, here are the details 

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