From moment Nykaa went public on the stock exchanges in 2021, it became an investors’ favourite.
Its stock had listed at an 80% premium to its issue price of Rs 2,001 per share on the BSE. Its parent company FSN e-Commerce Ventures hit a valuation of 1 lakh crore rupees. And founder Falguni Nayar’s net worth tripled and turned her into a billionaire.
But lately, things have not been going so well for the fashion e-retailer. Its shares have been on a free fall.

Tune in to find out why.