Excellence driven internet based commercial center Nykaa has procured Kolkata-based local skincare brand Dot and Key only days before the dispatch of its first sale of stock (IPO).
Nykaa, in any case, didn’t disclose the subtleties of the exchange.
Founded by Suyash Saraf and Anisha Saraf, Dot and Key offers premium skincare items like serums, face covers, toners and chemicals. The brand has as of late expanded into nutraceuticals under the brand ‘IKWI’.
The Falguni Nayar-drove organization has additionally expanded into Nykaa Fashion and Nykaa Man. Nykaa offers 4,078 brands and over 3.1 million item stock keeping units.
The improvement comes when Nykaa is preparing for public posting. The organization had as of late reconsidered its draft distraction plan (DRHP) to build the size of the fresh offer by Rs 105 crore.
It’s worth focusing on that Nykaa is one of only a handful of exceptional new companies which is profitable in front of its IPO.
