Nykaa IPO Listing: Bumper Earnings of Nykaa Investors, Founder Became a Billionaire

Nykaa IPO Listing

Nykaa IPO Listing: Nykaa made a stellar entry in the stock market today. Shares of Nykaa rose 89% on the Bombay Stock Exchange (BSE) and made a high of Rs 2248 in the day’s trading. The valuation of Nykaa has reached around 1 lakh crore. With this, Falguni Nair, the founder of Nykaa, became the richest self-made woman in India. He owns about 50% of the shares in the company.

According to Bloomberg, Falguni’s net worth has increased to $ 6.5 billion, or about Rs 49 thousand crores. Falguni’s success story is also special because she started Nykaa at an age when people plan for retirement. We are presenting here the success story of Falguni Nair and Nayaka on her pretext.

About Nykaa IPO

FSN E-Commerce Ventures Limited’s plan was to raise Rs 5,352 crore through IPO. Of this, Rs 630 crore was raised through fresh equity. Promoters and shareholders have sold their 4.31 crore shares. The company will use Rs 130 crore of the IPO proceeds to pay off debt while Rs 200 crore will be spent on marketing of brands.

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How is the Company Business?

Nykaa is India’s largest beauty and personal care online marketplace. In the fiscal year 2021, the company delivered 1.71 crore orders. Nykaa has around 80 offline stores in 40 cities across the country. In the last financial year, the company’s revenue had increased to Rs 2,441 crore and it earned a profit of Rs 61.9 crore.
By the end of March, there were about 4.37 crore downloads of the company’s mobile apps. Purchases made through mobile apps contribute more than 86 percent of its online gross merchandise value.

Katrina and Alia also invested in Nykaa

Nykaa has so far received a total funding of $ 341.9 million, i.e. about Rs 2,545 crore from 15 investors. In 2014, the company had received an initial investment of around Rs 7 crore from Sequoia Capital India. Subsequently, the company received some major investments from Harsh Mariwala, Dilip Pathak, TVS Capital and Steadview Capital. Katrina Kaif and Alia Bhatt have also invested money in Nykaa.

Falguni Nair says that Alia wanted to invest in Nayka because of three things. First – it is Indian, second – it is started by a woman and thirdly any brand from India can compete with the world. How much money Alia and Katrina have invested in Nayaka could not be disclosed. Nykaa acquired 20Dresses in 2019 and Pipa.Bella in 2021. Nykaa IPO Listing.

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What are Nykaa’s Future Plans?

According to retail consultancy company Technopak Advisors, “India’s beauty and personal care market in the year 2019 was around Rs 1 lakh crore. It is growing at 12-14% year-on-year. Keeping this in mind, Nykaa launched its four products Nykaa Man, Nykaa Pro, Nykaa Fashion and Nykaa Network in 2018.

Falguni Nair’s daughter Advaita Nair is the CEO of Nykaa Fashion. Advaita has done MBA from Harvard. Falguni’s son Anchit Nair is the CEO of Nykaa.com. Anchit has studied from Columbia University. He has 8 years of experience in Investment Banking. Currently, he is the Head of Nykaa Retail and Offline Strategy. The company is emphasizing on increasing its offline business. Nykaa wants to open 180 offline stores by 2024.

About Ravendra Singh

Hello Friends! My name is Ravendra Singh. I am a professional Blogger and Digital Marketing Consultant & Founder of Newsbeed. I have deep knowledge on topics like Blogging, SEO and Digital Marketing!

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