Nykaa to launch an IPO for an estimated valuation of $4.5 Billion this year

Mumbai-based beauty and lifestyle retailer, Nykaa is aiming to raise $500 Million by going public this year. It’s in talks to acquire a filed draft prospectus for its initial public offering (IPO) run, estimated at $4.5 Billion total valuation. With the recent pandemic providing a much-required tailwind to the e-commerce sector, Nykaa experienced an enhanced revenue and customer base from this beneficial digital boom. Founded by Falguni Nayar, the online marketplace has been on a significant rise since its inception in 2012. Later it expanded into offline retail with 70 stores across India offering a variety of brands like no other to their consumers.