Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 14 2018

Nykaa is looking to launch IPO in two years

The company also aims to double its revenue to around Rs 1,100 crore by end of 2018-19.

Beauty brands retailer Nykaa is planning to launch an initial public offering (IPO) in two years. The company also aims to double its revenue to around Rs 1,100 crore by end of 2018-19.

Falguni Nayar, Founder and CEO of Nykaa, said, “We are already on a path to prepare for an IPO. Before IPO, we need to formally run and follow a bunch of processes. We also have appointed KPMG as our internal auditor. It (IPO) will happen by calendar 2020.”

Currently, Nykaa has 22 outlets across India. The company looks to start 180-200 Nykaa stores in the next 4-5 years. 

Nayar also said, "We have a want and dominant footprint to be relevant in the beauty and makeup space. We have set a target of growing by 100 per cent our revenue to about Rs 1,100 crore in the current financial year."

In 2017-18, the company had reported revenue of Rs 570 crore.

Nykaa is planning to launch about 20 brands this year. At present, it sells over 850 brands across makeup, skincare, hair care and wellness categories.

Comment
Related opportunities
  • Others Health Care & Fitness
    About Us: Tecfit20, a venture of emtstecfit20 pvt ltd, is the..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fine Dine Restaurants
    About Us  The Grand Thakar`s family restaurant is a popular eating..
    Locations looking for expansion Gujarat
    Establishment year 1965
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Multi Cuisine Restaurant
    About Us: Shaking up the traditional food & drink space with..
    Locations looking for expansion Gujarat
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Sports & Gaming
    About Us    Fitokids was established in the year 2016 as a..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities