IPO-bound Nykaa in talks for new funding round at $2 billion valuation

Mumbai: Nykaa is in talks to raise $50-$150 million in a secondary financing round, which is expected to value the omnichannel beauty retailer at $2 billion, multiple people in the know of developments told The Economic Times. According to industry insiders, this is a valuation exploration exercise for the Falguni Nayar-led firm before it sets out for an initial public offering (IPO). A secondary transaction is where investors are swapped at