Investment banker-turned-entrepreneur Falguni Nayar is aiming for an IPO of her online makeup portal Nykaa in the next 1-2 years. She spoke to CNBC-TV18 about the company's business plans and growth prospects.

“Last year we had planned that we will grow from Rs 570 crore to Rs 1,050 crore. At the end of the year, we discovered that we ended the year at Rs 1,200 crore. So much ahead of our projection. So, we continue to say that we will not grow as fast. So our projection this year is 80 percent growth which itself is quite aggressive,” said Nayar.

Talking about revenues coming from private labels, Nayar said, “At the moment private label is in single digit. The plan is to take it up to about 20 percent.”

On the IPO front, she said, “To me, IPO is like coming off age for Nykaa, like Nykaa is then ready to have a long term life of its own and its dependence on any one investor group goes down. So, I think IPO is a clear path for Nykaa.”

“I feel the company should be stronger. So, we will wait for a year or two and when we feel we are really strong to be in the public markets that is when we will do an IPO,” Nayar added.

First Published:Jun 4, 2019 1:14 PM IST