India based cosmetics retailing startup Nyakaa is planning to go public by next year in the United States markets. Nyakaa is looking forward for the IPO to leave it with a market valuation of around $3 billion.
Nyakaa is backed by private equity firm TPG and the company is an application based startup.
Nyakaa was founded on 2012 and the company sells cosmetics and grooming products through its app and websites. Following its launch the company grew and expanded pet care, household and fashion supplies.
This announcement comes after notable Indian based companies completed successful listings last year. Some of the companies include MRS Bectors Food Specialities Ltd (NSE: BECTORFOOD), Mindspace Business Parks REIT (BOM: 543217) and Burger King India Ltd (NSE: BURGERKING).
Nyakaa is based in Mumbai and according to a Bloomberg post, the company is planning sell shares in Mumbai.