Moonpig CEO Nickyl Raithatha to Depart £800m Firm

Company - People | Jun 26, 2025 | Business Cloud

Moonpig CEO Nickyl Raithatha to Depart £800m Firm

Moonpig's CEO, Nickyl Raithatha, is set to leave the company following an eight-year tenure marked by notable achievements, including the firm's initial public offering (IPO) on the London Stock Exchange in 2021. Under Raithatha's leadership, Moonpig was valued at £1.4 billion upon its market debut, with shares rising 17% on the first trading day. However, the company's current market capitalization stands at £804.1 million. Raithatha, a seasoned entrepreneur with education from Cambridge and Harvard, previously founded the fashion brand Finery London and held positions at prominent organizations like Goldman Sachs and Rocket Internet. Despite the dip in share price, Moonpig is described as being in a robust position with future growth prospects. Raithatha will remain in his role during a year-long notice period to ensure a smooth transition. Chair Kate Swann praised Raithatha's contributions and expressed confidence in the company's continued success and strategic priorities.

Sectors

  • E-commerce/Retail
  • Technology
  • Finance/Investment

Geography

  • United Kingdom – Moonpig is based in London and operates primarily in the UK, and its IPO took place on the London Stock Exchange.
  • Netherlands – The article mentions Moonpig's operations in the Netherlands, indicating its geographical presence in this region.

Industry

  • E-commerce/Retail – Moonpig operates as an online retailer specializing in greeting cards and gifting, making it part of the e-commerce and retail industry.
  • Technology – The article highlights Moonpig's use of technology, data, and AI, suggesting a strong focus on technological innovation and integration in their operations.
  • Finance/Investment – The article discusses Moonpig's IPO and market performance, situating it within the broader context of financial markets and investments.

Financials

  • £1.4 billion – Initial valuation of Moonpig at the time of its IPO.
  • £804.1 million – Current market capitalization of Moonpig.
  • 215.74p – Current share price of Moonpig.

Participants

NameRoleTypeDescription
MoonpigTarget CompanyCompanyMoonpig is an online card and gifting retailer that went public on the London Stock Exchange in 2021.
Nickyl RaithathaCEOPersonNickyl Raithatha is the outgoing CEO of Moonpig, noted for leading the company through its IPO and fostering significant growth.
Kate SwannChair of MoonpigPersonKate Swann is the chairperson of Moonpig and has provided comments on Raithatha's contributions and the company's strategic outlook.