It is really hard for a person to leave a job for 50 years and then think about starting a business from scratch. Well, it was easy, Falguni would not be the exemplary stories of Nair, who bid for his well-deserved career, only to give birth to his entrepreneurial dream, Nykaa.
In April 2012, leaving behind his ‘ideal’ life, Falguni Nair tagged himself – CEO of Nyika. “People thought I was crazy,” Nagar said in a statement to Vagabomb. He looked at the online market in India and its growth. The beauty segment was chosen by both her love for makeup and the potential online market that is waiting for a platform to come up with.
Falguni Nair Nyaka has now become a unique identity in the market. The brand’s engagement with its founder is deeply etched everywhere and is the result of the passion it had for its dream. The heroine derived from the heroine, meaning actress in one’s life, is definitely the right name to embellish and inspire women at the same time. For the brand, and for the woman, who never stops working and exceeds her expectations.
An IIM Ahmedabad alumnus. Nykaa was founded in 2012 by Falguni Nair, a former managing director of Kotak Mahindra Capital Company. It was launched as an ecommerce portal, which showcases a range of beauty and wellness products. The name Nykaa is derived from the Sanskrit word Naykaa, which means ‘one in the spotlight’.
In 2015, the company expanded from online-only to an omnichannel model and began selling fashion products.
Nyika has raised money through multiple rounds of funding from the family offices of Harsh Mariwala, Sunil Munjal and Jia Modi, TVS Shriram Growth Fund, Max Group and TPG Growth. [money] In March 2020, it raised INR 100 crores from Steadview Capital.
ABOUT NYKAA (SERVICES)
The brand is now an icon in wellness and beauty, and is further opening its luxury stores (Nykaa Luxury) in premiere destinations. Nykaa has also been a front runner in bringing international luxury brands to India, allowing Indian customers to choose all products and services.
It has successfully controlled more than 850 brands and 35,000 products. The company has a presence in several cities with 17 stores across India. There are two store formats – Nykaa Luxe and Nyka On Trend. Luxe has Nykaa Beauty, an in-house beauty products collection as well as Indian and international beauty brands, and On Trend is a collection of popular fashion products.
The young yet super successful online beauty company has a target audience in the age group of 35 – 35 in March 22, and has also launched private label products in the bath and body care category in March 2016. Dealing in inventory-based models, Nyika has warehouses in Mumbai, New Delhi and Bangalore, and offers all major brands including Kaya Skin Clinic, Lakme, L’Oreal Paris and more.
Nyika ka hosts the Nyika Femina Beauty Awards’ in partnership with Femina (India), a women’s lifestyle magazine since 2015.
In 2019, Nyaka Fashion in partnership with Vogue India launched ‘The Power List’. In October 2019, it partnered with Bollywood actress Katrina Kaif to launch the brand KA Beauty.
AWARDS AND HONORS:
|The Most Powerful Women in Business 2017||Business Today|
|Woman Ahead (2017)||Economic Times Startup Awards|
|Key People||Falguni Nayyar, Adwaita Nayar, Reena Chabbra|
|Services||Multi-brand beauty retailer selling cosmetic and wellness products|
|Store||17 shops and opening soon|
|No of staff||1001-5000|
|A.F.Ferguson & Co||Worked as manager|
|Kotak Mahindra Capital Co.||Worked for 18 years and left in 2012 as Managing Director|
|Nykka||Founded in 2012|
|Raise funds 2020march||100cr|
|Alma Mater||Indian Institute of Management, Ahmedabad(MBA in Finance)|
|Occupation||CEO of Nykka|
|Net Worth||₹ 280 Crores as of March 2017|
|Birthday||19 February 1963|
|Children||Twins : Anchit Nayar and Adwaita Nayar|
1)Dukaan – an app to save Indian Store helping to going on Free online platform.readmore click here
2)Start With Rs 300, This Woman Today Runs a Company With Rs 7.5 Crore Turnover!readmore click here