Nykaa shares continue to remain near all-time low even after key appointments
Thank you for sharing information about Nykaa, a lifestyle retailer of beauty, wellness, and fashion products. It's interesting to know that the company was founded by Falguni Nayar in 2012 and expanded from an online-only model to an omnichannel model in 2015.
The fact that Nykaa plans to go public in FY21 at a valuation of $3.5 billion is a significant milestone for the company, and it will be interesting to see how the listing will impact its future growth and development. The potential to raise anywhere from $500 million to $750 million from the listing is a substantial amount of capital, which Nykaa can use to fund new initiatives, expand its product offerings, and invest in technology and infrastructure.
Overall, Nykaa's success is a testament to the growing demand for beauty, wellness, and fashion products in India, and the company's ability to capitalize on this trend through its online and offline channels. As the company continues to evolve