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Beauty start-up Nykaa sitting pretty on path to profitability as IPO looms

It is targeting $ 1 billion in GMV by 2025 (from around $ 75 million) based on Goldman Sachs discussions with the company's top brass sometimes ago

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The company’s inventory model has helped it to gain the trust of customers. It has partnerships with over 2000 brands. The expectation is that the online space will grow to anything between $3-4 billion

Surajeet Das Gupta New Delhi

4 min read Last Updated : Jan 07 2021 | 6:10 AM IST

It has an over 30 per cent share of the $1 billion gross merchandising value (GMV) online beauty market. And this segment constitutes for around 87 per cent of its sales. But Nykaa has ambitious plans for its fashion foray (account for 13 per cent sales) too. It is targeting $ 1 billion in GMV by 2025 (from around $ 75 million) based on Goldman Sachs discussions with the company’s top brass sometimes ago.

As Nykaa prepares to go for its maiden IPO this year, the cosmetics and beauty company has several reasons to be pleased. It is

Topics : Nykaa Nykaa Start-up Beauty & personal care beauty care products initial public offerings IPOs