Indian cosmetics retailer Nykaa looks to list at $4.5b valuation

Indian cosmetics retailer Nykaa looks to list at $4.5b valuation

Photo: Nykaa

Nykaa plans to go public later this fiscal at a valuation of $4.5 billion, a sharp rise from its earlier valuation of more than $3 billion, as the beauty retailing startup gains from a marked shift towards online sales during the pandemic.

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