Mass media reviews in January had suggested that Nykaa is trying to find a valuation of $3 billion dollars to the itemizing.
Media reviews in January experienced proposed that this retailer is seeking a valuation of $3 billion for the listing.
A spike in revenue and profit for the e-commerce system has led to the rise in Nykaa’s valuation, places informed the paper.
“Everyone offer you will be in addition to an offer available for purchase to provide an get out of to existing investors. A 10-20 percent stake of the company could be offered to the public for an adequate free-float,” one of the sources said, although the price band is yet to be decided.
Nykaa was launched by Falguni Nayar in 2012. Its e-commerce platform currently has 15 million registered users and caters to 1.5 million orders a month, according to the report.