Falguni Nayar is the founder of Nykaa, an Indian e-commerce company that sells beauty, fashion, and wellness products. She is now one of the richest self-made women in India with a net worth of $2.3 billion, according to Forbes. Nayar founded Nykaa at the age of 50 in 2012, and for the first two years, the company was completely funded by her and her husband, Sanjay Nayar, who is the chairman of the private equity firm KKR & Co. Nykaa currently operates in the beauty, fashion, and wellness products sectors and has over 100 offline stores, websites, and mobile apps. It retails over 2,000 brands across its platforms.
How Falguni Nayar Established Nykaa
Falguni Nayar’s decision to sell beauty products online through Nykaa in 2012 proved to be a successful move. Nykaa has since expanded to operate both online and offline, with over 100 stores. Over time, Nayar diversified Nykaa’s offerings to include fashion and lifestyle products, and the platform now offers over 2,600 international brands.
Falguni Nayar Early Life, Education
Nayar is an alumna of the prestigious Indian Institute of Management, Ahmedabad. She began her career as a management consultant with AF Ferguson and Co. She also worked for 19 years in various roles, including the role of Managing Director, at the Kotak Mahindra Group.
Falguni Nayar started Nykaa at the age of 50 with no prior experience as an entrepreneur. The company was initially funded by Nayar and her husband, Sanjay Nayar, for the first two years. In 2021, Nykaa went public and was listed on the National Stock Exchange (NSE). During the listing, Nayar expressed her hope that the journey of Nykaa would inspire others to pursue their own dreams and become the “Nykaa” of their lives.