Private Equity

Liquidity Events

TPG Growth exits Nykaa by selling shares worth Rs.1,001-Cr; registers 9.47x return

Stock Exchange Data  

TPG Growth has sold a 1.90% stake in publicly-listed FSN E-Commerce Ventures Ltd (which owns beauty products seller Nykaa) fetching INR 1,000.54 crore. With the sale, TPG Growth has made a complete exit with a 9.47x return on its investment.

From the Venture Intelligence PE-VC Deal Database: In Mar 2019, TPG Growth invested INR 112.71 crore in Nykaa. Subsequently it invested more in the company. The company went public in Nov 2021