Online cosmetics retailer Nykaa, insurance aggregator Policybazaar and payments firm Paytm are planning to file their respective draft prospectus this month, three people aware of the plans said, requesting anonymity. “Nykaa is likely to file its DRHP around 17 July and Policybazaar will file its prospectus around 20 July," said one of the two people cited above. Nykaa, founded by former investment banker Falguni Nayar, will keep the size of the public offering unchanged at between $500 million and $700 million, Mint had reported. Founded in 2012, Nykaa is India’s top women-centric online marketplace with about 15 million registered users as it caters to 1.5 million orders a month. An email sent to Nykaa did not elicit a response, while a spokesperson for Policybazaar declined to comment.

Source: Mint July 08, 2021 18:22 UTC