Success Story of Falguni Nayar – The Founder & CEO of Nykaa
Women are giving a surprise to those societies who used to think that women can do only housing. Women are moving ahead along with balancing between house and office works. In the Entrepreneurial world, they have proved by running a big organization. Today I have brought an Indian woman entrepreneur story who is the founder of Nykaa. The company sells beauty related products online. I hope you are going to learn from her successful journey.
Introduction
Falguni Nayar is the Founder and CEO of the Nykaa E-commerce business. The company is located in Mumbai which sells multi-brand Beauty and wellness products online. As per Forbes, Today the Nykaa has more than 46 stores across the country. In April 2015, Falguni started a physical beauty product store at the T3 terminal (Indira Gandhi International Airport).
According to Nykaa.com, the company has stored more than 1500 Genuine brand and provide free shipping. Falguni claimed that Nykaa has faster emerged as India’s biggest omnichannel beauty destination with more than millions of satisfied customers across the county.
Her education and personal life
According to Star unfolded.com, she was born in Mumbai Maharashtra and did schooling from The New Era School. After schooling, she graduated in commerce stream and got a master’s degree from IIM Ahmedabad. In May 1987, she got married to Sanjay Nayar. She has a son and a daughter their names are Anchit Nayar and Adwaita Nayar. She came back from a business background because her father owned a bearing company.
Earlier life and history of Nykaa
After completing an MBA, she started working as an investment banker at Kotak Mahindra Capital Co. Falguni have worked at Kotak for 18 years. Nearly completing a couple of decades helping businessmen, she decided to start a business. Nayar says, “I wanted to experience the journey of creating something from scratch.” So, she reigned the job in 2012, in the same year, Nayar lunched beauty retailer E-commerce business with 2 million dollars. Today the company is growing so faster, as per the information of Forbes, Nykaa has over 45 million visitors on the webpage and app a month.
At the end of March 2019, the company had almost double sales that mean, it estimated 180 dollars. The founder of the company Falguni Nayar has expended the business and raised 51 million dollars in funding. April 2019, Nykaa received investment 14.4 dollars from TPG Growth for an undisclosed stake, this deal increased the Nykaa value that has 724 million dollars. Falguni and her family handle over 50% share of this company. her husband Sanjay Nayar is the CEO of KKR and country head in India, he has invested in Nykaa in his personal capacity.
Awards and events
In 2017, Business Today titled Nykaa’s founder and CEO Falguni Nayar that she is one of the most influenced women. In at same year, she received the “Woman Ahead” award by Economic Times. Since 2014, Femina has been a partner with Nykaa. Femina has presented beauty Awards for beauty products, the voting has been counted from Nykaa customers and Fermina’s readers.
