The offering would produce $500m, including up to $70.6m from the sale of new shares, and offer exits to Max Group and TVS.
India-based fashion and beauty marketplace Nykaa has filed a draft prospectus for an initial public offering that could be worth as much as $500m, Reuters reported today citing a person familiar with the matter.
The offering would consist of up to $70.6m in newly issued shares, while the remainder would come from the sale of existing stock. Nykaa is reportedly targeting a valuation of $4bn.
Founded in 2012, Nykaa operates an e-commerce platform listing cosmetics, grooming products, fashion items, pet…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
