Falguni nayar news and updates from the economic times. Falguni is an alumnus of iim ahmedabad and was the former md of kotak mahindra capital company. Falguni nayar, nykaa was created with a vision of providing a carefully curated range of products for every beauty solution. Varindia nykaa partners with adobe for customer experience. I believe when you build a fundamentally strong business, valuation will follow, says falguni nayar, founder, nykaa. Nykaa acquires 20dresses to enhance private label play. Mar 27, 2019 founded in 2012 by indian entrepreneur ms. May 25, 2018 falguni nayar, founder and chief executive officer at nykaa, discusses the indian beauty market and her business strategy. Jun 26, 2017 nykaa expands offline presence in bangalore, aims to open 30 stores by 2020. Founded by investment banker falguni nayar, and backed by angel. Nayar, 54, put her own money into the business first and then raised. Nykaa sanjay nayar falguni nayar ecommerce portal shares.
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. Nykaa is a mumbaibased retail seller of cosmetic and wellness products. Falguni nayar is the founder and ceo of the nykaa ecommerce business. Falguni nayar, founder and chief executive officer at nykaa, discusses the indian beauty market and her business strategy. It is one of the top 10 e commerce companies in india. Their newish ventures include nykaa man grooming ecommerce portal, and nykaa fashion, a trendled fashion ecommerce platform. The web is changing the face of beauty as we know it. Derived from the sanskrit word nayaka meaning one in the spotlight, it rests on three ideals curation, content and convenience. Today, the startup is the goto platform for cosmetics, wellness products, fashion and more. With more than startups added in 2017 taking the total number of startups to 5,200, india is now the worlds thirdlargest startup ecosystem as per nasscom startup report. Pevc fundraising business continuity and scenario planning under the covid19 crisis, digital training, 24 apr, 2020.
Falguni nayars billiondollar dream turning into reality. Mar 22, 2019 taking this business of private labels further, the falguni nayar led company has acquired womens styling platform for an undisclosed sum. Parth bagtharia software developer amdocs linkedin. Through exclusive launches, product innovation, sharp communication and appealing design elements, the nykaa team aspires to reach new echelons. Beauty ecommerce startup nykaa raises fresh funding from max ventures. Beauty etailer nykaa expects to get ebidta positive by. Nayar was earlier the managing director of kotak investment banking. Investment bankerturnedentrepreneur falguni nayar launched the ecommerce platform nykaa in 2012. Meet the woman behind the 200croreplus beauty empire. Fsn ecommerce ventures private limited provides repairing services for personal and. 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. Falguni nayar and her banker husband sanjay nayar, nykaa is a beauty and wellness ecommerce platform, selling branded products across. Falguni adds that there is a lot of research that points to ecommerce basically moving towards omnichannel, with people losing the ability to differentiate between channels. Jan 28, 2020 falguni nayar became the founder and ceo of nykaa in 2012.
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. A dreamer is always termed crazy, until the time he or she turns it into a reality. Nykaa ceo falguni, age 57, was born and grew up in mumbai. Femina, indias largest womens brand, and, one of the best online destinations for beauty and wellness products, has announced the 5th edition of its. Meet the woman behind the 200croreplus digital beauty empire. Falguni nayar, former md and ceo of kotak investment bank, a subsidiary of kotak mahindra bank, along with a team of.
She founder and ceo of which continues to surprise and appeal large international brands to offer the indian market an endeavor, and has been ready to prove that indian customers from. Nykaa also launched nykaaman, an ecommerce platform for mens. It was incorporated on 24 april, 2012 and is located in mumbai, maharashtra. Falguni nayar, the founder of nykaa, one of indias biggest online fashion and lifestyle portal, had been living the ideal life. 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 news and updates from the economic times page 10. The company has 12 directors falguni sanjay nayar, padmini aditya vikram somani, and others. The consolidation taking place in the indian e commerce sector offers fresh hope for venture capital investors. Falguni nayar founder nykaa, net worth, age, early life. Nykaa ceo says timing was right to build beauty market in. Beauty ecommerce startup, nykaa raises funding, plans to set. Online retailer nykaa moves beyond ecommerce and cosmetics.
See the complete profile on linkedin and discover lakshmis connections and jobs at similar companies. It currently has invested in 35 locations, some of which border on a luxury level format and are large at 2,500 square feet. Honored with ficci ladies organization award for her achievements in banking field, she started her e commerce beauty products platform with her. Nykaa expands offline presence in bangalore, aims to open 30.
She has built an ecommerce marketplace for beauty and personal carefocused in india. View lakshmi nayars profile on linkedin, the worlds largest professional community. Nykaa ceo falguni led 18 years of her life as a successful investment banker before she jumped into the bandwagon of entrepreneurship. For any business, the first year is a honeymoon period. If you shop for beauty products on, its probably thanks to her. As digital continues to rapidly evolve customer expectations, undoubtedly, customer experience. Falguni nayar is the founder and ceo of nykaa, an e commerce website offering beauty and wellness products. Its ecommerce net sales are generated almost entirely in india. Beauty etailer nykaa acquires women styling platform. Nykaa is raising rs 100 cr at rs 5,000 cr valuation. Founded by investment banker falguni nayar, and backed by angel investors, max ventures and tvs capital funds, nykaa is now valued at rs 3000 crore. Falguni nayar techcircle india startups, internet, mobile, e. The company is located in mumbai which sells multibrand beauty and wellness products online. Falguni adds that there is a lot of research that points to e commerce basically moving towards omnichannel, with people losing the ability to differentiate between channels.
Online retailer nykaa moves beyond ecommerce and cosmetics for. Falguni is a graduate from sydenham college of commerce and economics, mumbai and holds a masters degree from indian institute of management ahmedabad. She quit an impressive 27year investment banking career for. In 2012, falguni quit her long and impressive finance career for the uncertainty of startups. The focus was never on valuation but on building a longterm sustainable business. 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.
Meet the women behind some of indias very successful. The woman behind business model of nykaa falguni nayar. Lets have a look at swiggys arduous journey from a late entrant of indias ecommerce wave to indias largest food delivery platform. Beauty ecommerce portal nykaa raises funds to expand online. Nykaa is an ecommerce platform for beauty and cosmetics products. Multibrand retailer of premium beauty and personalcare products, expects to achieve ebidtalevel profitability by october. She founded nykaa in 2012, an ecommerce platform for beauty products. Speaking about the awards property, falguni nayar, founder and ceo, said, nykaa femina beauty awards has witnessed an unprecedented growth, year on year, in terms of scale, audience. Mar 31, 2020 fsn e commerce ventures private limited is an unlisted private company.
Falguni nayar news and updates from the economictimes. Falguni nayar is a former investment banker who studied in iim. She saw the need of ease of access to cosmetics and unbiased advice to consumers, and opened an online store in that space. As per forbes, today the nykaa has more than 46 stores across the country. Investment bankerturnedentrepreneur falguni nayar is building a beauty empire.
Strong engineering professional with a post graduate diploma focused in computer science from cdac kharghar. 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. Her parents owned a small bearings business and hence, hearing discussions around stock market, trade, and investments were quite common in the household. Not once but twice i have been deceived by them and ive planned to never purchase from this website again. May 30, 2019 the company is one of the top e commerce companies in india having a reach of approx 6,000 towns and cities across the country. Experienced software engineer with a demonstrated history of working in the ecommerce and telecommunications industry. Along with the nykaa luxe store launch at vr mall, the beauty platform also hosted the nykaa beauty bar, a beauty animation with masterclasses and expert makeovers, to allow customers a oneonone interaction with leading brands and products. Nykaa is an online multibrand retailer which sells beauty and wellness products. Rejecting naysayers, nykaa has broken even after 5 years and. A top banker, and now the queen of indias beauty business.
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