<p>App-based Indian cosmetics retailing startup Nykaa plans to go public by early 2022 at a valuation of more than $3 billion, Mint <em><a href="https://www.livemint.com/market/ipo/nykaa-plans-ipo-at-3-billion-valuation-11609894827761.html">reported</a></em> on Wednesday, citing a person aware of the matter.</p>.<p>Private equity firm TPG-backed Nykaa's plans for an initial public offering comes after Burger King India, Mrs. Bectors Food, and Mindspace Business Parks REIT saw good subscriptions and successful listings.</p>.<p>Launched in 2012, Mumbai-based Nykaa grew popular by selling cosmetics and grooming products on its website and apps, before expanding into fashion, pet care, and household supplies.</p>.<p>The startup is working with advisers to prepare for a share sale in Mumbai, Bloomberg <a href="https://www.bloomberg.com/news/articles/2021-01-05/tpg-backed-beauty-startup-said-to-plan-ipo-at-3-billion-value">reported</a> on Tuesday evening.</p>.<p>Nykaa also counts India's Hero Enterprise and Fidelity Management and Research Co among its backers, according to media reports.</p>.<p>Nykaa and TPG did not immediately respond to emails seeking comment. </p>
<p>App-based Indian cosmetics retailing startup Nykaa plans to go public by early 2022 at a valuation of more than $3 billion, Mint <em><a href="https://www.livemint.com/market/ipo/nykaa-plans-ipo-at-3-billion-valuation-11609894827761.html">reported</a></em> on Wednesday, citing a person aware of the matter.</p>.<p>Private equity firm TPG-backed Nykaa's plans for an initial public offering comes after Burger King India, Mrs. Bectors Food, and Mindspace Business Parks REIT saw good subscriptions and successful listings.</p>.<p>Launched in 2012, Mumbai-based Nykaa grew popular by selling cosmetics and grooming products on its website and apps, before expanding into fashion, pet care, and household supplies.</p>.<p>The startup is working with advisers to prepare for a share sale in Mumbai, Bloomberg <a href="https://www.bloomberg.com/news/articles/2021-01-05/tpg-backed-beauty-startup-said-to-plan-ipo-at-3-billion-value">reported</a> on Tuesday evening.</p>.<p>Nykaa also counts India's Hero Enterprise and Fidelity Management and Research Co among its backers, according to media reports.</p>.<p>Nykaa and TPG did not immediately respond to emails seeking comment. </p>