Beauty Retailer Nykaa Eyes IPO This Year With $3 Bn Tag

SUMMARY

The planned IPO could happen overseas, according to reports

Founded in 2012, Nykaa started out as an online marketplace for beauty and wellness products but also branched out into omnichannel retail

The company became a unicorn after its Series F funding round in April 2020

Mumbai-based omnichannel beauty and lifestyle retailer Nykaa is planning an initial public offering (IPO) this year in Mumbai, and could possibly list overseas as well. The IPO would value Nykaa at a minimum $3 Bn, according to reports. Nykaa

Founded by Falguni Nayar in 2012, Nykaa is an online marketplace for beauty and wellness products. The company started its offline operations in 2015 and currently has over 70 stores, housing luxury brands such as Tom Ford, Jo Malone London, Dior and Givenchy. Now, the company plans to expand into 40 more in the coming years. It claims to have been fulfilling nearly 1.5 Mn orders a month, offering over 1.5K brands and 130K products.Ecommerce2012MumbaiFalguni Nayar$156.9 MnEcommerce2012MumbaiFalguni Nayar$156.9 Mn