May it be accessories, skincare, beauty products the go-to place for a girl nowadays is Nykaa. From the bottom line, Nykaa has moved up the ladder very quickly in the E-Commerce Industry. Now it has become a top contender among all the other rivals.
Nykaa’s founder Falguni Nayar has become the nation’s self-made billionaire. According to the Bloomberg Billionaires Index, shares made a strong stock market debut on Wednesday.
Falguni Nayar’s worth is about $6.5 billion as shares of the firm soared tall up to 89% when they started trading this Wednesday. FSN E-Commerce Ventures parent company of Nykaa has become the first women-led firm to hit the stock exchange.
Nykaa was founded in the year 2012, today Nykaa offers 4000 beauty products, skincare, and fashion brands on its website. It also comes in a mobile application and as 80-odd brick-and-mortar stores.
Falguni is an alumnus of IIM, Ahmedabad. She started her career at A.F. Ferguson & co. For 18 years, she worked in Kotak Mahindra Bank as the managing director and then became the director at Kotak Securities in the bank’s institutional equities division.
Falguni built the Nykaa empire with a team of 1600 members and has emerged as India’s leading beauty retailer. Nykaa now owns a private label of its own including it Nykaa sells products under 1500+ brands online and across 68 stores in India.
Nykaa is a unique startup in the e-commerce industry. It is a profitable company and debuted in the public markets. Nayar owns her company stake with two family trusts and seven other promoter entities. Both her son and daughter are running different units of Nykaa as well.
To taste the fruit of success all it needs is willpower and, a great deal of patience.