Billionaire Falguni Nayar
A dreamer is always termed crazy, until the time he or she turns it into a reality. Falguni Nayar, the founder of Nykaa, one of India’s biggest online fashion and lifestyle portals, had been living the ideal life. After serving 20 years as a venture investor and merchant with Kotak Mahindra, she suddenly announced her departure to pursue her dream. Capitalizing on the scope of beauty and skincare products online, she steered herself towards Nykaa, and out came a platform that created history with its arrival. Running her online business successfully, along with 35 physical stores, make way for an entrepreneur who told the world that age is just a number.
The brand is now an epitome in wellness and beauty, and it is further opening its luxury stores (Nykaa luxury) in premier destinations. Nykaa has also been a front runner in bringing international luxury brands to India, giving Indian customers all-encompassing products and services to choose from.
Read her success story “Falguni Nayar’s baby at 50”
Billionaire Falguni Nayar Biography
|Alma Mater||Indian Institute of Management, Ahmedabad(MBA in Finance)|
|Occupation||CEO of Nykaa|
|Net Worth||₹ 280 Crores as of March 2017|
|Birthday||19 February 1963|
|Children||Twins : Anchit Nayar and Adwaita Nayar|
Falguni Nayar Career Journey
|A.F.Ferguson & Co||Worked as manager|
|Kotak Mahindra Capital Co.||Worked for 18 years and left in 2012 as Managing Director|
|Nykaa||Founded in 2012|
Falguni Nayar Awards and Honors
|The Most Powerful Women in Business 2017||Business Today|
|Woman Ahead (2017)||Economic Times Startup Awards 2017|
Falguni Nayar Company Profile
|Key People||Falguni Nayyar, Adwaita Nayar, Reena Chabbra|
|Services||Multi-brand beauty retailer selling cosmetic and wellness products|
|Philanthropy||Nykaa raised funds for project Nanhi Kali on International Women’s Day, 2015. Project Nanhi Kali is an Indian NGO that provides primary education for underprivileged girls in India.|
India’s wealthiest self-made female billionaire
Billionaire Falguni Nayar has jolted her name in the world’s richest female entrepreneurs list. She has become India’s wealthiest self-made female billionaire. The parent company FSN E-Commerce Venture became the first women-led unicorn to hit the stock exchange.
Falguni Nayar founded Naykaa in 2012, months before her 50th birthday. At that time, Indian women bought makeup and hair-care products from their neighborhood stores where the choices were minimal and trials unheard of. It was that moment when she decided to start her own online business offering makeup and skincare products at the doorsteps.
Billionaire Falguni Nayar’s Nykaa has become a profitable company within a span of a few years, a rarity among the internet startups making a debut in the public markets. The company priced its initial public offering at the top end of the marketed range, raising 53.5 billion rupees.
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Falguni is an inspiration for every woman out there. She is killing stereotypes in her way. She thinks that the mentality of the business community and society as a whole needs to change. The perception that only men can take risks has to be bid a goodbye. Determination and will power are her weapons to destroy any hurdle. There are still miles to go on this journey, and she believes that she will do it, for sure.