TPG-backed Indian cosmetics retailer Nykaa E-Retail plans IPO at $3b valuation

TPG-backed Indian cosmetics retailer Nykaa E-Retail plans IPO at $3b valuation

Nykaa founder Falguni Nayar. Photo: Abhijit Bhatlekar/Mint

Nykaa E-Retail Pvt is planning an initial public offering as soon as this year that could value the Indian online cosmetic retailer at a minimum $3 billion, according to people familiar with the matter.

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