• About
  • Contact
Sunday, June 26, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Beauty and Fashion E-commerce Giant Nykaa’s Growth and IPO Plans

Abdul Kadir Khan by Abdul Kadir Khan
October 8, 2021
in Insight
Reading Time: 3 mins read
A A
0
IMG 20210729 WA0004

India’s technology sector is on a rise. After the successful opening of Zomato’s IPO, the top fashion retailing giant Nykaa is on the way to starting its initial public offering that may help the startup reach a valuation of above $4 billion, as per an internal report shared by the people familiar with the matter.

Nykaa is Getting Ready for Public Offering

Nykaa, India’s top e-commerce company for beauty, was founded by Falguni Nayar in 2012. Now, the startup is planning to file its draft red herring prospectus(DRHP) in the coming week. The information was leaked by the person who kept his identity anonymous because the matter is private. The same person also confirmed that the startup is planning to sell just 10% equity to raise over $400 million.

As per the CB Insights report, the firm was valued at $1.2 billion in the last valuation. But, it is almost impossible to calculate the current worth of the startup due to rapid change in the technology-based market. As per the latest report, the startup and its investors are targeting a $4 billion valuations before commencing its IPO. As per the Bloomberg January report, Nykaa targeted a $3 billion valuation.

But, it is not possible to predict IPO valuation by the above data. The final price will be decided by a process of discussions with investment bankers and potential investors. It may further change as per the market’s condition and other factors’ calculations.

When contacted, Nykaa did not reply to any query related to IPO timing and valuation specifications.

Technology-Based IPOs and Nykaa Growth

India’s technology industry has recorded exponential growth in 2021. Tech-based startups have raised billions of dollars from venture capital. And, many IPOs may start soon. Zomato has already become the first tech-based unicorn of India that made its stock market debut a few weeks back. The online food giant raised over $1.3 billion and its share surged more than 75% to help the money-losing business in reaching a whopping valuation of $14 billion.

The online insurance startup Policybazaar, fintech giant Paytm, and other tech firms are also starting their IPOs very soon. Paytm is set to start an IPO of Rs 16,600 crore, while Softbank-backed Policybazaar will file its draft red herring prospectus in the coming days, with more than a dozen technology startups aiming for its IPOs through next year.

Nykaa, founded in 2012 by Nayar, has established itself as India’s top e-commerce platform to buy beauty and fashion products. The startup also has its chain of physical outlets and recorded a revenue of $250 million in FY2020. The company is backed by global investors including TPG and Fidelity.

Founded by Falguni Nayar, Nykaa raised Rs 20 crore in series A funding in 2014 from Indra Banga and Harindarpal Singh Banga to reach a valuation of Rs 120 crore. TVS Capital invested Rs 59.6 crore in Nykaa at a valuation of approximately Rs 500 crore in 2015. Later, TPG acquired an 11.9% stake in the startup. In the series E5 round during January 2021, Nykaa reached a valuation of Rs 10,257 crore(around $1.5 billion), as per the Economic Times report.

The company also acquired jewellery brand Pipa Bella to expand its operations in April 2021. Currently, the startup promoter family holds a 51% share, while the 8.5% stake belongs to Nykaa’s employers.

As per internal sources, some existing investors will take a complete exit from Nykaa in a financial event that will be conducted before its IPO.

Tags: Nykaa
Previous Post

Skincare Startup Minimalist Raises Rs 110 Crore in new Funding Round

Next Post

TagZ Closed a Pre-series A round of ₹ 4 Crore

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

20220504 182358 0000
Insight

B2B Brands Future And Startups Growth In India

May 4, 2022
HUL Brands Valuation- Next Big Brand
Insight

HUL Crosses ₹50,000 Crore Turnover, First Pure FMCG Company To Hit Milestone

April 28, 2022
Indian FMCG Brands- Next Big Brand
Insight

Small Brands Making Big Impact In India : CAIT Report 2022

April 19, 2022
Sameer Nigam PhonePe CEO
Insight

PhonePe Crosses 100 Million Transactions In A Single Day

April 13, 2022
D2c Brands in India
Industries

D2C Brands Future in India

April 12, 2022
Shreevar Kheruka Borosil
Industries

How Borosil Went From 12 Years of Losses to a Rs 600+ Crore Brand – Success Story

April 8, 2022
Next Post
IMG 20210730 WA0003

TagZ Closed a Pre-series A round of ₹ 4 Crore

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.