HomeBusinessAlia Bhatt, Katrina Kaif's interest in Nykaa becomes 10X with IPO

Alia Bhatt, Katrina Kaif’s interest in Nykaa becomes 10X with IPO

Bollywood entertainers Alia Bhatt and Katrina Kaif, who were financial backers in Nykaa, saw their shareholding esteemed at almost 10X of their underlying venture.

AliabhattSuperstar financial backers in magnificence internet business startup Nykaa, Alia Bhatt and Katrina Kaif have seen their interest in the organization develop 10X after its public market debut.

Alia’s shareholding in the organization was assessed to be worth Rs 54 crore on Wednesday’s end cost of Rs 2,206.7 per share. Alia had Rs 4.95 cr in the parent company of Nykaa, in July 2020 FSN E-Commerce Ventures,

Katrina Kaif entered a joint endeavor with the organization in 2018 to set up Nykaa-KK Beauty, which retails the restorative brand Kay Beauty. She had put Rs 2.04 crore in the organization. Her portions were worth Rs 22 crore at Wednesday’s end cost.

This is the primary occurrence of Indian superstar financial backers acknowledging gets back from the public posting of web stocks on the bourses.

Katrina Kaif

FSN E-Commerce appeared on the securities exchanges on Wednesday, and saw its market cap twofold to $13 billion, catapulting Founder Falguni Nayar to the Indian tycoon’s club with a total assets of $6.5 billion.

Alia as of late put resources into IIT Kanpur-upheld direct-to-buyer incense brand, Phool. In 2018, she upheld the curated design membership administration StyleCracker.

The pattern of Bollywood entertainers and big names backing new companies isn’t new. Deepika Padukone has upheld different new companies through her venture company KA Enterprises LLP, including edtech stage FrontRow , e-portability organization BluSmart , little satellite maker Bellatrix Aerospace and excellence trade adventure, Purplle, among others.

Cricketer Virat Kohli is a financial backer in different organizations including internet gaming stage Mobile Premier League (MPL) , protection aggregator Digit Insurance , and others.

- Advertisment -

Most Popular