Multimedia reports in Jan got advised that Nykaa is searching for a valuation of $3 billion for your listing.
Mass media records in Jan experienced advised the retailer is searching for a valuation of $3 billion for your itemizing.
A increase in revenue and profit to the e-business program has resulted in the increase in Nykaa’s valuation, options shared with the document.
“Everyone offer will likely be in conjunction with a proposal on the market to deliver an get out of to present buyers. The price band is yet to be decided, but a 10-20 percent stake of the company could be offered to the public for an adequate free-float,” one of the sources said.
Nykaa was started by Falguni Nayar in 2012. According to the report, its e-commerce platform currently has 15 million registered users and caters to 1.5 million orders a month.