Fashion startup Nykaa to go public and seeks $4.5 Billion valuation
The proposed Initial Public Offering is likely to be between $500 to $700 million
In January, Nykaa reported that it aims a $3 billion valuation
Increased revenue and profit on e-commerce platform changed the valuation prospects
The public offer will be coupled with an offer for sale to provide an exit to existing investors
Nykaa hasn’t yet announced the price band for the IPO
Nykaa is a multi-brand e-commerce fashion platform founded by Falguni Nayar in 2012
The platform currently has over 15 million registered users
Nykaa delivers 1.5 million orders per month
Morgan Stanley and Kotak Mahindra Capital are the public offering managers
