×
278
Fashion Jobs
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TAKSHAKA INTERIORS
Req. Production Manager/Executive -Wood Furniture
Permanent · Gurugram
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
SKYNET OUTSOURCING SERVICES
Production Manager Api Industries-Bharuch,Ankelshwar Location
Permanent · Bharuch
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
JOBSGURU CONSULTANT
Production Manager Outsourcing - Mumbai
Permanent · Mumbai
PEOPLE ALLIANCE WORKFORCE
Asst. Manager Quality/Quality Line Officer/qa & qc- Garments Industry
Permanent · National Capital Region
DR LAL PATHLABS
Area Sales Manager : Corporate Sales l dr Lal Pathlabs
Permanent · National Capital Region
TIME TECHNOPLAST
Regional Manager
Permanent · National Capital Region
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Asst Manager - Production Planning (Apparel / Garment Background)
Permanent · Bengaluru
QWAZENT TALENT SOLUTIONS
Ivd Production Manager For a Leading Diagnostic Center in Hyderabad
Permanent · Hyderabad
UKB ELECTRONICS
Hiring For Production Manager(Harness) For Pune Plant
Permanent · Pune
By
Reuters
Published
Nov 10, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Nykaa makes glowing debut with $14 billion valuation

By
Reuters
Published
Nov 10, 2021

Cosmetics-to-fashion platform Nykaa surged 96% in a blockbuster debut on Wednesday, fetching the country's first women-led unicorn a valuation of nearly $14 billion.


Image: Nykaa



Shares of FSN E-Commerce Ventures , the company that owns the Nykaa brand, ended at 2,205.80 rupees after debuting at 2,018 rupees in pre-open trade.

The debut price was a 79.4% premium to the offer price of 1,125 rupees and the shares were oversubscribed nearly 82 times last week.

Founded by former investment banker Falguni Nayar in 2012, Nykaa became popular by selling cosmetics and grooming products from domestic as well as international brands before expanding into fashion, pet care and household supplies.

"Nykaa is one of the very few profitable new-age companies and the first women-led unicorn that has also attracted lot of investor interest ...," said Sneha Poddar, assistant vice-president, retail research at Motilal Oswal Financial Services.

"(Its) key strengths lie in its inventory-led business model for the beauty and personal care segment."

Nykaa's investors include private-equity firm TPG, Fidelity and Indian celebrities Alia Bhatt and Katrina Kaif.

The startup runs its online operation through mobile applications and websites along with 80 brick-and-mortar stores in India, as of Aug. 31.

At a valuation of nearly $14 billion, Nykaa exceeded Indian food delivery startup Zomato Ltd's stellar $13.28 billion debut in July.

"Nykaa has a seen a strong listing due to positive market sentiment... However, the startup's valuations look expensive at these levels despite factoring in strong long-term growth prospects," said Ajit Mishra, vice-president-research at Religare Broking.

In a sharp contrast to investor enthusiasm for Indian startups, Indian fintech firm Paytm saw tepid demand for its shares earlier in the day, crawling towards full subscription in the final hours of its issue period.

The Ant Group-backed company, whose public offering is India's largest ever, is set to debut on Nov. 18, while SoftBank-backed firms hotel aggregator Oyo and logistics provider Delhivery are lined up for a listing soon.

© Thomson Reuters 2023 All rights reserved.