Nykaa Info: Nykaa mom or father soars 5% after males’s innerwear mannequin launch

Shares of FSN E-Commerce Ventures, the mom or father of cosmetics-to-fashion retailer , jumped 4.8% on Thursday, a day after it acknowledged its type part was growing into the lads’s innerwear and athleisure class with a model new mannequin.

The TPG-backed agency acknowledged on Wednesday that Nykaa Fashion would launch Groot – its first innerwear and athleisure mannequin for males.

The street, starting at Rs 499 ($6.32) for innerwear, will take a look at ethical manufacturing, subscription selections and trials in some circumstances, is obtainable available on the market on its app and website.

By 0429 GMT, FSN shares have been up 4.41% at 1,464.80 rupees.

Nykaa had a strong market debut in November 2021, fetching the nation’s first women-led unicorn a valuation of virtually $14 billion, and topping meals provide startup

Ltd’s $13.28 billion debut in July 2021.

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