falguni nayar - nykaa - Biography
Falguni Nayar was born on 19 February 1963 in Mumbai. She is the founder of cosmetic beauty products selling company named ‘Nykaa’. Falguni Nayar founded ‘Nykaa’ in 2012, Before Starting her start-up, Falguni Nayar worked in several posts at Kotak Mahindra Bank for almost 17 Years. Nykaa is an Indian beauty care, Cosmetics, Personal products retailer company. Nykaa the brand name was originated from the Sanskrit word ‘nayaka’, which means One in the ‘spotlight’. Nykaa is an e-commerce based platform which sells their beauty & cosmetics products through both online and offline.
Falguni Nayar - Family
Falguni Nayar was born on 19 February 1963 in Mumbai. Falguni Nayar was married to Sanjay Nayar in May 1987. They both had two twins Anchit Nayar and Adwaita Nayar.
She completed her bachelor of commerce (B.Com) in Accounting and Business/management at Sydenham College of Commerce & Economics, Mumbai, India. She completed her Master of Business Administration (MBA) at the Indian Institute of Management Ahmedabad.
After Completion of Falguni Nayar's Education, She worked as a manager at A F Ferguson & Co for 8 years and 8 months From (May 1985 – Dec 1993). After completion of her work at A F Ferguson & Co, She immediately started working as Head Of International Business and then as Managing Director at Kotak Mahindra Investment Banking.
After completion of 17 years & 4 months (1994-2012) at Kotak bank, Later in 2012 she founded the company named ‘Nykaa’. Falguni Nayar founded ‘Nykaa’ in 2012 with the vision of building a multi-brand omnichannel beauty-focused retail business. By empowering customer choices and enabling brands to reach the breadth and depth of the country, Nykaa has emerged as India’s leading beauty retailer playing a critical role in developing the beauty market in India.
Nykaa is an Indian Based beauty and cosmetics products selling e-commerce and retailer company, Located in Mumbai. As in 2021, ‘Nykaa’ sells more than 1500+ different types of brands and 3 lakh plus products from the online store. Nykaa also has retail stores located all over India. They also started selling men related beauty products and Daily use products.
It has two offline store formats called Nykaa Luxe and Nykaa On Trend. Nykaa On Trend focuses on trending & popular products, Where Nykaa luxe focuses on Indian and International brands. Nykaa also collaborated with Bollywood actress Katrina Kaif and launched Kay beauty products. Nykaa also collaborated with Femina and conducts Femina awards for each year.
Falguni has received many accolades throughout her career. She was awarded the ‘Woman Ahead’ award at the Economic Times Startup Awards 2017. In the last year alone, recognising her contribution to the Indian beauty industry, Falguni was awarded the Businesswoman of the Year at the Economic Times Awards for Corporate Excellence 2019. She was also listed as one of Asia's Power Businesswomen 2019 by Forbes Asia and named Businessperson of the Year 2019 by Vogue India.
Most recently, she was awarded EY Entrepreneur of The Year 2019 – Start-up Award by Ernst and Young. She is on the board of several companies, including ACC, Dabur, Endurance Group and Tata Technologies.
Nykaa raised funds from Harsha mariwala, Sunil Munjal and Zia Mody, TVS Shriram Growth Fund, MAX Group & TPG Capital . Nykaa raised funds of 100 crore from steadview capital in march 2020.
In FY-2018 Nykaa posted a revenue of 555.5 Crores. In FY 2019 Nykaa posted a revenue of Rs 1159.5 crores. After funding round in may 2020, Nyakaa was valued at 1.2 billion dollars, And also entered into unicorn startups club. Nykaa has acquired a company named 20Dresses On march 2019.