TPG Growth, Steadview Capital, Fidelity, and Hero Group chairman Sunil Kant Munjal are some of the investors in Nykaa. The company has appointed investment banks such as Kotak Mahindra Capital, Citibank, ICICI Securities, Morgan Stanley, and Bank of America to manage its public issue. On July 16, the company changed its status from a private company to public by changing the name from FSN e-commerce Ventures Private Limited to FSN e-commerce Ventures Limited. Nykaa would be the fourth startup to file its DRHP after Zomato, Paytm, and MobiKwik Systems. Paytm has filed DRHP for an IPO to raise Rs 16,600 crore and Mobikwik has filed for a Rs 1,900-crore IPO this month.