TPG (Private-Equity/ Venture capital firm) backed Nykaa in its latest IPO 💰 To date, this is the best return on investment TPG has ever made. Even beating TPG’s return on investment from Uber and Airbnb.
TPG (Private-Equity/ Venture capital firm) backed Nykaa in its latest IPO 💰
To date, this is the best return on investment TPG has ever made. Even beating TPG’s return on investment from Uber and Airbnb.
TPG made a $26 million investment in Nykaa's Series E in 2019. That post-IPO stake is currently worth around $400 Million ( $80 M Realised + $320M Unrealized ) profits.
That's an 18.6x return on from a single position 🚀🔥.
The IPO of Nykaa is a proud outcome for all Indians. They just made history as the first Indian cosmetics company to go public through an IPO with a female founder 🇮🇳 .
