Ananya Bhattacharya / Quartz
Nykaa’s correction is the least alarming among India’s new-age tech IPOs – Its profits took a hit but is still in the green. It has big plans for brick-and-mortar stores, a fashion vertical, and more. The fervour around the poster child of Indian unicorn IPOs is fizzling out. Nykaas bumper offering last November got listed at a 78% premium. Shortly after, and …
