Nykaa is raising rs 100 cr at rs 5,000 cr valuation. Falguni nayar, founder and chief executive officer at nykaa, discusses the indian beauty market and her business strategy. Funding alert nykaa raises rs 100 cr from steadview capital. Honored with ficci ladies organization award for her achievements in banking field, she started her e commerce beauty products platform with her. While falguni was scouting for opportunity in the ecommerce space, she joined singaporean state investment company temasek which has invested in several indian internet companies including just dial, zomato, and snapdeal as its independent advisor. Mar 31, 2020 fsn e commerce ventures private limited is an unlisted private company. The company has 12 directors falguni sanjay nayar, padmini aditya vikram somani, and others. Falguni nayar, the founder of nykaa, one of indias biggest online fashion and lifestyle portal, had been living. It currently has invested in 35 locations, some of which border on a luxury level format and are large at 2,500 square feet.
How nykaa used digital marketing to gain 50,000 visitors. Ecommerce venture nykaa raises funds to expand online. Mar 27, 2019 founded in 2012 by indian entrepreneur ms. She founded nykaa in 2012, an ecommerce platform for. A dreamer is always termed crazy, until the time he or she turns it into a reality. Apr 02, 2019 what was the entrepreneurial dream of former managing director of kotak mahindra capital company, falguni nayar is well on its way to become indias next billiondollar startup. Falguni nayar holds a masters degree in management from the indian institute of management, ahmedabad where she majored in finance. Falguni nayar news and updates from the economictimes. As per forbes, today the nykaa has more than 46 stores across the country.
The brands association with its founder is deeply engraved everywhere and is a result of the passion she had for her dream. Founded by investment banker falguni nayar, and backed by angel. Falguni nayar founder and ceo of nykaa success story. Falguni has received many accolades through her career including the ficci ladies organization flo award for top woman achiever in the field of banking and business today award recognizing her as top 25 women in business. Falguni is a graduate from sydenham college of commerce and economics, mumbai and holds a masters degree from indian institute of management ahmedabad. The online marketplace sells products across categories. Nykaa ceo falguni, age 57, was born and grew up in mumbai. Falguni nayars billiondollar dream turning into reality. Nykaa is an online multibrand retailer which sells beauty and wellness products. Nykaa likely to join the unicorn club post fresh funding. The woman behind business model of nykaa falguni nayar. Falguni nayar is the founder and ceo of the nykaa ecommerce business. Falguni has received many accolades through her career including the.
This story is part of forbes coverage of asias power business women 2019. Fsn e commerce ventures private limited provides repairing services for personal and. Nayar, 54, put her own money into the business first and then raised. Mar 22, 2019 taking this business of private labels further, the falguni nayar led company has acquired womens styling platform for an undisclosed sum.
Falguni nayar news and updates from the economic times page 10. When daughter inspired mother to set up rs 90 crore beauty. Nykaa fashion is set to open its first offline store in 2020, says ceo. Exkotak mahindra md bids to capture the billion dollar. View falguni nayars profile on linkedin, the worlds largest professional community. Nykaa, owned by fsn e commerce ventures pvt ltd, was founded in 2012 by investmentbankerturnedentrepreneur falguni nayar. Meet the woman behind the 200croreplus beauty empire. Started as an online beauty store in 2012 by falguni nayar, a former investment banker with kotak investment banking, nykaa today also has offline stores across the country. How nykaa gained 50,000 visitors in a month leveraging digital marketing. The sphere of influence extends to sanjay nayar, her husband and a. Three or four startups are born each day, and an equal number are funded.
As digital continues to rapidly evolve customer expectations, undoubtedly, customer experience. Beauty ecommerce portal nykaa raises funds to expand online. Confirming the news, falguni nayar, nykaas founder and ceo, told the daily that the company was now looking to push its new initiatives like nykaa man, the mens grooming business. Falguni nayar left an 18year career as an investment banker to be an entrepreneur. Online retailer nykaa moves beyond ecommerce and cosmetics for. Nykaa is an e commerce platform for beauty and cosmetics products. She founded nykaa in 2012, an ecommerce platform for beauty products.
Sangita singh wins ficci award for outstanding achievement. Falguni nayar, nykaa was created with a vision of providing a carefully curated range of products for every beauty solution. Exkotak mahindra md bids to capture the billion dollar beauty and wellness market with nykaa. Nykaa decks up to woo indian beauty market with more products and services the marketplace has tied up with spa and salon services in mumbai, pune and bengaluru, and plans to. The brand nykaa came in to existence in 2012 when falguni nayar.
If you shop for beauty products on, its probably thanks to her. The platform offers a wide range of category including skincare, makeup, luxury products. Started as an online beauty store in 2012 by falguni nayar, a. Changing the beauty game former investment banker and the current beauty moghul of india, falguni nayar is the brain power behind the successful beauty and skincare site. Delhi school of internet marketing digital marketing blog. See the full list here after nearly two decades helping entrepreneurs as an investment banker, nayar was raring to. Falguni nayar is the founder and ceo of the nykaa e commerce business. The ecommerce platform she floated after a successful career as an investment banker spanning two decades, turned profitable in the 201819.
Falguni nayar latest breaking news, pictures, videos, and special reports from the economic times. Until recently, nayar, the founder and ceo of the beauty and. Falguni nayar is a former investment banker who studied in iim. Their newish ventures include nykaa man grooming ecommerce portal, and nykaa fashion, a trendled fashion ecommerce platform. Falguni nayar techcircle india startups, internet, mobile, e. Taking this business of private labels further, the falguni nayar led company has acquired womens styling platform for an undisclosed sum. A top banker, and now the queen of indias beauty business. The platform offers a wide range of category including skincare, makeup. Pevc fundraising business continuity and scenario planning under the covid19 crisis, digital training, 24 apr, 2020.
Nykaa is a mumbaibased retail seller of cosmetic and wellness products. Nykaa fashion is set to open its first offline store in. Dec 30, 2015 as the year ends, lets take a look at some of the best women entrepreneurs who made us sit up and take notice in 2015. In an interview with business insider, adwaita nayar, ceo, nykaa fashion shares how her company is not like amazon or flipkart and why 2020 is going to be a big year. See the complete profile on linkedin and discover falgunis connections and jobs at similar companies. Nykaa acquires 20dresses to enhance private label play. Nayar has single handedly changed the face of beauty business in india. Nykaa founded by falguni nayar was launched in april 2012, whereas the website was launched in december same year. It was incorporated on 24 april, 2012 and is located in mumbai, maharashtra. The platform offers a wide range of category including skincare, makeup, luxury products, fragrances and hair care products for both men and women. Nov 19, 2015 9 women entrepreneurs who are the change they want to see in india the startup scene is exploding in india. She has built an e commerce marketplace for beauty and personal carefocused in india. The focus was never on valuation but on building a longterm sustainable business. Ltd, nykaa was founded in 2012 by investmentbankerturned entrepreneur nayar, who was the former managing director at kotak mahindra capital.
Derived from the sanskrit word nayaka meaning one in the spotlight, it rests on three ideals curation, content and convenience. View the profiles of professionals named nayar on linkedin. An alumnus of the indian institute of management, ahmedabad, nayar started nykaa, an e commerce multibrand retail store for beauty products in 2012. Jan 28, 2020 falguni nayar became the founder and ceo of nykaa in 2012. Mar 31, 2019 nykaa has turned out to be an underdog in indian e commerce space and it can be gauged from its fresh round coming from tpg growth. When we meet falguni and sanjay nayar on a regular weekend, the couple is winding down from a very busy sunday. Read more about nykaa raises rs 100 crore from existing investor steadview capital on business standard. May 25, 2018 falguni nayar, founder and chief executive officer at nykaa, discusses the indian beauty market and her business strategy. Falguni nayar nykaa has now become a singular identity in the market. Falguni nayar founder nykaa, net worth, age, early life.
Fsn ecommerce ventures private limited provides repairing services for personal and. She quit an impressive 27year investment banking career for. Nykaa also launched nykaaman, an ecommerce platform for mens. Around the same time, nykaa also tried its luck in omnichannel model by opening brick and mortar.
Beauty ecommerce portal nykaa raises funds to expand. Nykaa ceo says timing was right to build beauty market in. Falguni nayar, the founder of nykaa, one of indias biggest online fashion and lifestyle portal, had been living the ideal life. Investment bankerturnedentrepreneur falguni nayar launched the e commerce platform nykaa in 2012. Nayar, who started her career with afferguson after graduating from iim ahmedabad,joined the kotak mahindra group in 1993. E commerce venture nykaa raises funds to expand online business. An indian e commerce website, nykaa was founded in 2012 by falguni nayar. The new capital infusion also comes almost a year after the company, which was founded in 2012 by former merchant banker falguni nayar, closed a rs 100 crore series e financing round led by tpg. Womenled startups that got funded in 2016 light at the end. Meet the women behind some of indias very successful. Indian beauty retail platform nykaa is a unicorn in the making, and the.
For any business, the first year is a honeymoon period. Varindia nykaa partners with adobe for customer experience. Today, the startup is the goto platform for cosmetics, wellness products, fashion and. Nov 27, 2018 initially i was encaptured by nykaa and what all it has to apart. Falguni nayar, former md and ceo of kotak investment bank, a subsidiary of kotak mahindra bank, along with a team of. Falguni nayar managing director, kotak investment bankfalguni nayar, the 44yearold managing director ofkotak investment bankkib likes her work to do thetalking. I believe when you build a fundamentally strong business, valuation will follow, says falguni nayar, founder, nykaa.
Falguni nayar change maker in lifestyle bw businessworld. Nykaa scoops up rs 100 crore in fresh funding from. It was virtually poetic justice for entrepreneur falguni nayar. They have just returned from a social outing but falguni is already quite busy checking her emails, with sanjay getting ready for his weekly game of tennis. Falguni nayar, founder and ceo, nykaa says, was conceived with a vision of approaching beauty as an experience, rather than a commodity, and through the years, weve made strategic investments in digital to deliver on this goal. Nykaas secret sauce for building a brand synonymous to beauty. Nykaa raises rs 100 crore from tpg growth at a valuation. Nykaa the online retailer of fashion and beauty products is poised to join indias unicorn club, companies valued at more than usd 1 billion, after it raised rs 100 crore in primary capital from. Naykaa, derived from nayika, which means the actress of ones life, is certainly the perfect name to beautify and inspire women at the same time. Through exclusive launches, product innovation, sharp communication and appealing design elements, the nykaa team aspires to reach new echelons. An alumnus of the indian institute of managementahmedabad and occupying top posts in the financial sector for over 24 years, nayar s life took a turn after a greek poets work shared by her daughter inspired her to set up an e commerce. Tpg invests inr 100 crores in indian beauty retailer nykaa. The company is located in mumbai which sells multibrand beauty and wellness products online. Having an 18 year long career as a former banker has helped falguni.
She graduated with a bachelor of commerce degree from sydenham college of commerce and economics. Founder falguni nayar said in a statement that in the midst of the global coronavirus crisis, nykaa is working to ensure that all its. It is a mumbaibased multibrand beauty retailer selling cosmetic and wellness products. Its ecommerce net sales are generated almost entirely in india. Nykaa ceo falguni led 18 years of her life as a successful investment banker before she jumped into the bandwagon of entrepreneurship.
The consolidation taking place in the indian e commerce sector offers fresh hope for venture capital investors. Assisting falguni is a driven team of enthusiastic professionals drawn from myriad fields, all united in their common goal of changing the face of beauty in india. Until recently, nayar, the founder and ceo of the beauty and wellness etailer, looked through every single one of the 1,20,000 orders placed on the website every month. Sep 23, 2019 the 2019 asias power businesswomen list highlights 25 outstanding women who are breaking down barriers and playing a significant role in shaping the regions business landscape. Ms nayar has a rich experience of over two and half decades. In an interview with business insider, adwaita nayar, ceo, nykaa fashion. In 2012, falguni quit her long and impressive finance career for the uncertainty of startups. Falguni nayar was the former managing director of kotak mahindra capital company. Founded in 20 by fsn e commerce ventures, nykaa is spearheaded by falguni nayar, a former managing director of kotak mahindra capital investment banking, and her husband sanjay nayar. Not once but twice i have been deceived by them and ive planned to never purchase from this website again. Fsn ecommerce ventures private limited financial reports.
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