CosmicTaco

Harry Banga poised for 160X return on ‘angel’ Nykaa bet

CosmicTaco · 2024-08-26T11:11:36.857599+05:30

- Billionaire **Harindarpal Singh Banga** is set to make a **160X return** on his **Rs 30-32 crore** investment in **Nykaa**. - Banga, known as **Harry**, was the top investor in Nykaa's first external funding round in **2014** and held an **8.6% stake** at the time of its **2021 IPO**. - He has already cashed out **Rs 2,000 crore** from his investment, including **Rs 852 crore** last week. - Nykaa's stock has surged **49%** in the last six months, closing at **Rs 227** on Friday. - Banga still holds a **5% stake** in Nykaa, valued at **Rs 3,200 crore** at current market cap. Source: [The Arc](https://thearcweb.com/article/nykaa-falguni-sanjay-nayar-harindarpal-banga-caravel-GpEFPnyiXoD8Nj4i)

Billionaire Harindarpal Singh Banga is set to make a 160X return on his Rs 30-32 crore investment in Nykaa.
Banga, known as Harry, was the top investor in Nykaa's first external funding round in 2014 and held an 8.6% stake at the time of its 2021 IPO.
He has already cashed out Rs 2,000 crore from his investment, including Rs 852 crore last week.
Nykaa's stock has surged 49% in the last six months, closing at Rs 227 on Friday.
Banga still holds a 5% stake in Nykaa, valued at Rs 3,200 crore at current market cap.