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Beauty Retailer Nykaa To Go Public This Fiscal At A Valuation Of $4.5 Billion: Report

Nykaa Store
Beauty retailing startup Nykaa is targeting to go public later this fiscal year at a valuation of $4.5 billion as the size of the initial public offering (IPO) will be kept between $500 million-$700 million.
Individuals close to the developments told the
Mint that the companyâs valuation is driven by a pump in their revenue and profit as the Covid-19 pandemic pushed consumers to tilt more towards online purchases.
Nykaaâs holding company FSN Ecommerce Ventures Pvt Ltd is slated to file in the draft red herring prospectus by the end of July or early June and the IPO is subsequently expected to take off in the final quarter of the ongoing fiscal. ....

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