Nykaa, a fashion and beauty e-commerce startup is expanding its Employee Stock Option Plan by  offering its employees with more than 4.73 lakh equity shares. These newly allocated shares are worth  around Rs 9.72 crore. The company sells wellness, beauty, and fashion products through its apps,  website, and offline stores across the country. 

The company mentioned in a stock exchange filing that the nomination and Remuneration committee  of FSN e-commerce Ventures allowed the allocation of 473,138 equity shares for Rs 1 each under the  Employee stock option scheme of the company. This marks the second increment of this fashion e commerce startup in a one-month interval. Nykaa previously announced that it allocated 4.05 equity  shares under the ESOP scheme in May after its last major stock option was approved.  

Inc42 mentioned that Nykaa’s ESOP 2022 scheme allowed the allotment of 16 lakh shares to  employees followed by 4 lakh shares under the stock unit plan. The ESOP expansion came after the  mass layoff of the company. The startup is now leaning on its ESOP to rebuild its employee brand. The  parent company of Nykaa, FSN e-commerce also has a loss in shares by 3 percent. The company is  expecting a 2k basis point EBITDA margin by the end of FY26. 

Nykaa is expecting a GMV growth of 40 percent CAGR and 3 times increase in its net sale values in the  next three to four years. The beauty and fashion brand made its stock market debut at an IPO price of  Rs 1,123 in 2021. The stock options under the ESOP scheme offered by the startup have an exercise  price set at Rs 1 per share. The reports mentioned that the board approved granting these stock  options to those under the Nykaa employee stock option scheme. 

Conclusion: 

Nykaa recently reported a 3 percent loss in its shares. This beauty and fashion brand reported an  allotment of 4.73 lakh equity shares under its ESOP scheme. Nykaa is a known beauty and skin care  brand in India that offers wellness, beauty, fitness, and fashion products to its customers. The products  are available via its website, app, and offline stores available throughout the country. The nomination  and Remuneration committee of FSN e-commerce Ventures allowed the allocation of 473,138 equity  shares for Rs 1 each under the Employee stock option scheme of the company. The increment marks  the second increment for the startup in a month. Nykaa’s ESOP 2022 scheme allowed the allotment of  16 lakh shares to employees followed by 4 lakh shares under the stock unit plan. The startup is still  focused on developing new products and expanding its services. The stock options under the ESOP  scheme offered by the startup have an exercise price set at Rs 1 per share. This Mumbai-based beauty  startup is expanding its Employee Stock Option Plan by allocating its employees with more than 4.73  lakh equity shares. These newly allocated shares have a worth of Rs 9.72 crore.