India Startup Nykaa Is Said to Seek $4 Billion Valuation in IPO

Bloomberg2021-07-29

Country’s technology market has been surging in recent months Zomato soared 75% since becoming first unicorn to go public India’s Nykaa is preparing to file for an initial public offering that could ...

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Jlast
2021-07-29
Jlast
Like n comment
- D8888:
  Like please
- AxlChoo:
  help like!
GM1318
2021-07-29
GM1318
Hello
- 6fba50d8:
  nice
Denn205
2021-07-29
Denn205
Like and comment
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It plans to sell just more than 10% of the equity, one of the people said, which could raise $400 million or more.\nIndia’s technology industry has turned white hot this year, with startups raising record amounts of venture capital and a flurry of initial public offerings. The food-delivery app Zomato Ltd. became the nation’s first unicorn to make its stock-market debut this month, raising $1.3 billion. Its shares have soared more than 75%, giving the money-losing business a valuation of $14 billion.\nThe online insurance platform Policybazaar, backed by Japan’s SoftBank Group Corp., is also expected to fileits draft red herring prospectus in the coming days, with a more than a dozen technology startups aiming for IPOs through next year.\nNykaa, founded in 2012 by former investment banker Nayar, has grown into India’s top destination for beauty products with its own chain of physical outlets and 18.5 billion rupees ($250 million) in revenue in fiscal 2020. 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