|₹2573.7 / ₹1910.05|
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The Company was originally incorporated as FSN E-Commerce Ventures Private Limited on 24 April 2012. Subsequently, the Company was converted into a public limited company and the name of the Company was changed to FSN E-Commerce Ventures Limited pursuant to a special resolution passed by the Shareholders of the Company on 16 July 2021. The company was promoted by banker-turned- businesswoman Falguni Nayar and backed private equity firm TPG Group. The company is engaged in manufacturing,selling and distribution of beauty,wellness,fitness,personal care,health care,skin care,hair care products on the online platforms such as e-commerce,m-commerce,internet,intranet as well as through offline stores and stalls. The company runs beauty & personal care business under the Nykaa vertical, where it has a leading position, and apparel & accessories business under the Nykaa Fashion vertical. It also operates an offline channel, comprising 80 stores across 40 cities in India in three different store formats. On 30 June 2021 and 15 July 2021,the company has allotted 414528 and 36000 equity shares respectively on conversion of OCRPS. The company came out with an Rs 5352 crore IPO during the fag end of October 2021.