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Beauty and fashion unicorn Nykaa seeks $4.5 Bn valuation for IPO

Shortpedia

Content Team
Image Credit: shortpedia

Beauty and fashion ecommerce platform Nykaa is looking at a valuation of $4.5 Bn for IPO scheduled for later this year. It’s a sharp rise from its earlier valuation of $3 Bn+, according to reports. The beauty ecommerce startup is seeking to leverage gains from the massive shift towards online sales witnessed during the Covid-19 pandemic. According to a report, Nykaa will keep the size of the public offering between $500 Mn and $700 Mn.