Falguni Nayar is an Indian businesswoman and billionaire who is the founder and CEO of the beauty and lifestyle retail company Nykaa. Nayar is one of self-made female, Indian billionaires. Falguni Nayar, former CEO of Kotak Mahindra Capital Company, founded Nykaa in April 2012. It was launched as an e-commerce portal offering a range of beauty and wellness products. The website was first launched around Diwali 2012 and was commercially available in 2013.
Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012 and its headquarter are located in Mumbai. Nykaa sells skincare products, makeup products, wellness and fashion merchandise across the websites, mobile apps and seventy-six offline stores.
Nykaa the ‘Sanskrit’ word means actress. became popular young tech-savvy Indians – preponderantly girls – who most well-liked the wide variety of brands compared with what was on provide at their native shops. “The better part concerning Nykaa is that it lets Main access such a lot of world brands that had never been sold in India before.
Successful Journey of Falguni Nayar:
Falguni Nayar Nykaa founder
Falguni Nayar , From a CEO of a company to a successful Indian Entrepreneurial billionaire. Falguni Nayar’s entry into the beauty industry, starting entrepreneurship at 49, but her courage, determination and passion have kept her going. “Entrepreneurship is an adventure that takes courage, Age and experience are not passivity. When you’re young, it’s easy because there is no downside. Usually, with age, with some people, so we put these constraints in mind that we have enough to lose you cannot succeed”, says Nayar.
Nayar was one amongst the few ‘professional entrepreneurs’ at Kotak, as she took up roles that enclosed putting in offices in new locations, as together with New York and London. “At Kotak, we were inspired to try to to new things. The bank was fairly small then, therefore a bunch flocks need to take up entrepreneurial roles, wherever the path of however you’ve got to do things isn’t well set out you have learned to seek out innovative solutions,” she says.
OVER THE YEARS:
2012 -Nykaa founded in the year 2012.
2014- Nykaa opens its first ever store at the international airport, Delhi.
2015-Launches makeup and beauty brand ‘NYKAA COSMETICS’.
2016- Launches ‘NYKAA NATURALS’.
2017- first Nykaa Luxe store in Mumbai.
2018- Nykaa Network, an interaction beauty platform.
2019- Launches beauty range in collaboration with designer Masaba Gupta named ‘Masaba by Nykaa’.
2019- Launches Katrina kaif ‘s beauty brand ‘Kay Beauty’.
2020- launches intimate wear brand ‘Nykd by Nykaa’.
2021- Opens Nykaa fashion store in Mall, New Delhi. Nykaa fashion is a multi – brand platform with close to 1,500 brands.
As of 2020, it absolutely was valued at ₹85 billion (US$1.1 billion) creating it the primary startup headed by an Indian woman. It sells products that are factory-made in India in addition as internationally. In 2020, it retails over 2,000 brands and 200,000 products across its platforms.
As of 2021, In October Nykaa gets SEBI ‘s approval for its 4,000 crore IPO.
On November 10, Nykaa IPO listing valuations surge to $14 billion.
“Opportunities don’t happen. You create them.”— Chris Grosser