Nykaa seeks $4.5 billion valuation while in IPO

Mass media reports in January had advised that Nykaa is seeking a valuation of $3 billion dollars to the itemizing.

Mass media records in January possessed suggested that the shop is trying to find a valuation of $3 billion dollars for your itemizing.

A rise in revenue and profit to the e-commerce program has led to the increase in Nykaa’s valuation, sources shared with the pieces of paper.

“People offer you will probably be in addition to an offer on the market to supply an get out of to existing traders. 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 founded 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.