 "Falguni Nayar")
The promoter family of beauty and fashion start-up Nykaa will continue to hold a 51 per cent stake in the company following the proposed IPO.
The promoter family has three members in the top management team: founder Falguni Nayar, daughter Adwaita who is the CEO of Nykaa Fashion and son Anchit, CEO of the beauty e-commerce platform. They will continue to play a key role in running the business.
The company has a diversified range of investors which include Fidelity, TPG, Steadview Capital, Sunil Munjal, and Bollywood star Katrina Kaif, among others. The IPO will include an offer for sale
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