Is Nykaa a good company to invest?

Is Nykaa a good company to invest?

I would continue to recommend investors to buy Nykaa shares at around ₹1900 per share levels for two year target of ₹3600 maintaining strict stop loss at ₹1770 per share levels,” said Ravi Singhal, Vice Chairman at GCL Securities.

Where do Nykaa products come from?

Nykaa is an Indian retail seller company of beauty, wellness and fashion products. However, Nykaa is a retail selling company as well. Therefore, it sells products which are manufactured in India as well as internationally.

Why is MAC lipstick so expensive?

MAC alone stands for all the cosmetic needs. It’s been running since a long time and holds a reputation among film industries to common person. It’s expensive because of its unmatched quality and components used. The finish, payoff, coverage and quantity plus quality both are extremely controlled.

Who is jhanvi Kapoor Nykaa?

The leading beauty, fashion, and wellness retailer got actress Janhvi Kapoor to illustrate how there’s no such thing as too much makeup, while she packs her luggage for a two-day Goa trip. Nykaa had signed Kapoor as its brand ambassador in 2018.

How much money has Nykaa raised so far?

Funding Nykaa has raised a total of $341.9M in funding over 13 rounds. Their latest funding was raised on Nov 26, 2020 from a Secondary Market round. Nykaa is funded by 15 investors.

When is Nykaa going to go public?

Nykaa is looking for IPO by the end of this year or in early 2022. The company has already turned into a public company limited by shares on July 16, 2021, and is just one step away from getting its Draft Red Herring Prospectus (DRHP) filed, which is a matter of days from now, as reported on July 26, 2021.

Is Nykaa an Indian company?

Nykaa is India’s biggest lifestyle and fashion portal with collection of cosmetics, skincare, haircare, fragrances, bath and body, personal care and wellness products for both women and men. Who are the competitors of Nykaa? Is Nykaa an Indian brand?

Is Nykaa a good online business?

It initially started as an online corporation. But eventually, it switched itself into an omnichannel strategy in its latter years. Based out of Mumbai, Nykaa is well-known for its popular eCommerce platform. Besides, it also handles around 76 stores by now in India.