Meet banker turned founder Falguni Nayar, the brain behind Nykaa. She founded Nykaa, derived from the Sanskrit term for heroine, with a seed investment in April 2012. It has now filed papers to raise Rs 4000 crore via an initial public offering. Nykaa’s IPO will be a watershed moment for Internet IPOs and will inspire a generation of women entrepreneurs.
It is the only woman-led unicorn to go public amid a rush of Internet IPOs in India. Promoters still hold a majority stake in the company & it is profitable.
Meet banker turned founder Falguni Nayar, the brain behind Nykaa. Born and raised in Mumbai, Falguni graduated from Sydenham College of Commerce & Economics, with a postgraduate degree from the Indian Institute of Management, Ahmedabad. (Image: Nykaa Fashion)
She began her career as a consultant for the management consulting firm AF Ferguson & Co. (Image: Shutterstock)
In 1993, she joined the mergers & acquisitions team at Kotak Mahindra Group. In 2005, she was appointed as the Managing Director. After a 19 year stint at Kotak, Falguni gave up her hi-profile role to take the plunge into entrepreneurship.
She chose beauty & cosmetics, an underpenetrated segment in online commerce compared to electronics & mobiles. (Image: Nykaa)
She founded Nykaa, derived from the Sanskrit term for heroine, with a seed investment in April 2012. (Image: Shutterstock)
She was 49 years old and wanted to start up before turning 50.
Nykaa is currently one of India’s leading online beauty retailers, with a growing offline presence. (Image: Nykaa)
Nykaa’s subsidiaries sell everything from beauty and wellness products to fashion garments & accessories.
Apart from Falguni, her husband Sanjay Nayar, children- Adwaita and Anchit also hold key roles in the company.
It has now filed papers to raise Rs 4000 crore via an initial public offering.
Nykaa’s IPO will be a watershed moment for Internet IPOs and will inspire a generation of women entrepreneurs.
Article Credit: moneycontrol