What's Hot

    Avcon Technics Private Limited Constructs India’s First Indoor Athletics Track at Kalinga Stadium, Bhubaneswar

    07/06/2023

    Systematic Investment Plan – Meaning, Benefits, How It Works

    07/06/2023

    The Entrepreneurial Journey of Ashish Gupta: Founder of Archizy

    06/06/2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    StartUp InsiderStartUp Insider
    NOMINATE FOR AWARDS
    • Home
    • News & Updates
    • Startup Stories
    • Funding News
    • CEO Story
    • Interviews
    StartUp InsiderStartUp Insider
    Home»Startup Stories»The Story of a Woman behind Nykka : Falguni Nayar
    Startup Stories

    The Story of a Woman behind Nykka : Falguni Nayar

    Manisha GurnaniBy Manisha Gurnani24/09/20222 Comments5 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Falguni Nayar
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Falguni Nayar, the founder of India’s largest beauty e-commerce platform, is now on the list of hurun global rich list 2022. The founder has been on the list because of the success of Naykaa’s IPO. Falguni Nayar, who owns half of the shares of the cosmetic brand, Nykaa, started at the age of 50. Falguni nayar was born on 19 february 1963. She married in the year 1987 with Mr. Sanjay Nayar. She is an alumnus of IIM, Ahmedabad.

    A startup founder, falguni Nayar, working with Kotak Mahindra bank since the year 1993 and in the year 2012, she was appointed as managing director in 2005. She exited the bank in the year 2012. The brand namely Nykaa was founded in April 2012 with just $2 million. Nykaa successfully got listed on BSE AND NSE on 10th November 2021.
    Falguni Nayar
    Mrs. Falguni Nayar has told in many interviews that she was very happy while working in Kotak Mahindra bank and quitting the job to start something on her own was a tough decision for her. She was sure that she wanted to start entrepreneurship before she turns 50 and when her children left to study in the US, she got the time to invest in her entrepreneurial journey. An Indian Startup, Nykka Owner, Falguni Nayar has said in the interview that technology was the barrier in the initial days of the journey of the business of cosmetics brand.

    About Nykaa

    For over two years, the company was just funded by Mrs. Falguni Nayar and her husband, Mr. Sanjay Nayar. An Indian Entrepreneur, Falguni Nayar, has been working to build a brand named Nykaa since 2012. The headquarters of the company are in Mumbai, Maharashtra. It was the first Indian Unicorn Startup headed by a woman in the year 2020. Nykaa, which means ‘One in the spotlight’ is selling more than 4000 brands online and that too in more than 100 stores.
    In the year, 2020 the company launched ‘Nykaa Man’, which is India’s first multi-brand e-commerce store for men’s grooming, and also launched the premium membership program, Nykaa PRO.

    Fundraising for Nykaa

    • In the year 2020, Nykaa got the funding from the company name, steadview capital, twice. Once, In the month of March, an amount of Rs. 100 Crore and then in the month of May, the amount of Rs. 67 Crore.
    • Two Bollywood actresses, Katrina Kaif and Alia Bhatt have invested in the business of Nykaa.
    • The global asset management firm, Fidelity has invested through a secondary sale of shares

    Corporate Social Responsibility

    Nykaa helps socially and financially for the causes such as education, Health, Rural Development, and disaster management.

    Recent News

    Recently, Nykaa appointed Vishal Gupta, who is an alumnus of IIT Delhi and IIM Bengaluru, to lead the beauty retailer’s private labels business across colored cosmetics as well as skincare. Before joining Nykaa, he worked across businesses and brands in India. Vishal Gupta has given the official statement, ‘I am excited to join Nykaa to help build its dynamic portfolio of consumer beauty brands that have become iconic in the Indian beauty ecosystem’ in the interview.

    Read More: The Success Story of Multinational Ayurvedic Dabur

    Nykaa has acquired full shares of Iluminar Media, the parent company of digital content platform Little Black Book (LBB) in an all-cash deal. LBB was started in the year 2015 by suchita salwan and Dhruv Mathur.

    Achievements of Falguni Nayar

    • In the year, 2017, she was awarded ‘Woman Ahead’ Award at the Economic Times Startup Awards.
    • She was named EY Entrepreneur of the year 2021 at the 23rd edition of the EY Entrepreneur of The Year India awards.
    • She has also received FICCI Ladies Organisation (FLO) Award.
    • In the year 2017, she was awarded ‘The Most Powerful Women in Business by Business Today.
    • In the year 2019, she was crowned as businessperson of the year by Vogue India.

    Quotes by Falguni Nayar

    • Think Big, but Start Small
    • Women need to allow the spotlight of their lives to be on themselves. I hope more women like me dare to dream for themselves.

    Personal Life of Falguni Nayar

    • Falguni Nayar is marred to Sanjay Nair. She has twins, a girl whose name is adwaita Nayar and a boy whose name is Anchit Nayar.

    Adwaita Nayar – Current CEO of Nykaa

    Adwaita Nayar, who is the daughter of Falguni Nayar, is the current CEO of Nykaa and also is the co-founder of Nykaa. After working for a year in a management consultancy firm in New York, Bain & Company, She returned to India to follow her mother and head Nykaa, India’s largest Beauty E-Commerce Platform. Adwaita Nayar is married to Anubhav Gupta.

    Anchit Nayar – Falguni Nayar’s Son

    Anchit Nayar said in the Interview that They were a family of Four and Nykaa was the Fifth member. Anchit is the CEO of the Brand, Nykaa. FSN E-Commerce Ventures LTD, which is the parent company of Nykaa, is in the selling and distribution of beauty products, fashion accessories, and equipment, etc through online portals.

    Types of Retail Stores of Nykaa

    Nykaa operates three types of retail stores namely Nykaa Luxe, Nykaa OnTrend, and Nykaa Kiosk. Each one of them has different specialized products and luxuries to offer to the consumers.

    Conclusion

    This is not the complete information about Indian Entrepreneur, Falguni Nayar, but all the important information has been provided for the people to read.

    Falguni Nayar Nykaa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Manisha Gurnani

    Related Posts

    Actor Suniel Shetty invests in and becomes brand ambassador for new food delivery app Waayu

    14/05/2023

    Nuro shifts gears to focus on R&D, lays off 30% of workforce to extend financing runway

    13/05/2023

    How Volopay Is Transforming Expense Management With Corporate Cards

    21/04/2023

    How Geekster Is Helping Students Achieve Their Dream Career In Tech

    17/03/2023
    Editors Picks

    Avcon Technics Private Limited Constructs India’s First Indoor Athletics Track at Kalinga Stadium, Bhubaneswar

    07/06/2023

    New Parliament Building Nearing Completion, Inauguration Expected Soon

    16/05/2023

    Tesla Executives Seek India Visit to Discuss Local Sourcing and Tax Policies

    16/05/2023

    Bharti Airtel Reports Strong Q4 Results with Impressive Revenue Growth and Increased Net Profit

    16/05/2023
    Latest Posts

    Subscribe to Updates

    Get the latest Business news from StartUp Insider about startup stories, funding news, CEO stories.

    Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the audience.

    We're social. Connect with us:

    Facebook Twitter Instagram LinkedIn

    Avcon Technics Private Limited Constructs India’s First Indoor Athletics Track at Kalinga Stadium, Bhubaneswar

    07/06/2023

    Systematic Investment Plan – Meaning, Benefits, How It Works

    07/06/2023

    The Entrepreneurial Journey of Ashish Gupta: Founder of Archizy

    06/06/2023

    Subscribe to Updates

    Get the latest Business news from StartUp Insider about startup stories, funding news, CEO stories.

    © 2023 StartUp Insider.
    • Submit Your Story
    • Advertise with Us
    • Contact Us
    • Career

    Type above and press Enter to search. Press Esc to cancel.