Why Nykaa's fashion biz is a blemish for growth
The BPC vertical is expected to drive growth, but the monthly average unique visitors appear to be plateauing.
Expiry of the one-year lock-in period for pre-initial public offering (IPO) investors has been an overhang for stocks of new-age companies. Investors in shares of FSN E-commerce Ventures Ltd, the parent of Nykaa, are understandably wary. Nykaa’s pre-IPO shareholders’ lock-in is set to expire on 10 November. Recall that shares of Zomato Ltd had dropped significantly in July after the expiry of the one-year lock-in period.
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