Nykaa world’s most loving as well as renowned brand. The creator behind this esteemed brand is Falguni Nayar, she is the founder as well as CEO of Nykaa. She is listed as the second richest woman.
Falguni Nayar is a women entrepreneur who invented the symbol of cosmetics: Nykaa. Nykaa provides its customers with the facility of a variety of cosmetic brands. She was born on February 19, 1963. She belongs to Mumbai. Her father was a businessman who ran a ball bearings business. Her brother is a doctor. Falguni is married to Sanjay Nayar in 1987. She has two children with God Grace are twins Anchit Nayar as well as Adwaita Nayar. Falguni loves to do makeup as well as a hobby, she was fond of doing makeup.
Falguni excelled her degree in her MBA in finance from the Indian Institute of Management. She is a graduate of Sydenham College of Commerce as well as economics she did her post-graduation from IIM Ahmedabad.
Dream to achieve
Mrs. Nayar always desired to be an entrepreneur as well as was eager to open an e-business as she had a strong belief that the upcoming generation would prefer online shopping. She left her well-settled job to accomplish his dream at age of 50.
With her great skill as well as education, she had a great career journey before starting Nykaa. She worked as a manager at A.F Ferguson & Co. She served Kotak Mahindra Capital Co. For 18 years as well as left in 2012 as managing director But to chase her dreams she left her banking career many people disguised her as well as tagged her as mad but her strong will, determination, as well as the roads of hardship, lead her to a beautiful destination.
She had this marvelous idea when she went to Safora beauty store. She was influenced by the services of the salesperson as well as thought to provide a platform where beauty products of all brands would be available so that people from any town or city can buy them. Mrs. Nayar worked very hard to achieve her goal. For her, launching her idea as well as establishing an organization was not about only making money but was more about it. Nykaa was founded in 2012. She wanted to launch a business that is well established, recognized. On that day she kept on working till 3:00 am with full devotion. She was known for managing, financing but technology, cosmetics were new concepts for which she had jumped into. But she that being adventurous gave her a boost of motivation simultaneously.
At the very most she designed a website from her savings as well as uploaded every item related to cosmetics. For her first order, she waited for 6 months. Then she promoted her sites on Facebook as well as to her friends. A started paid promotion. She states that the journey of her business was very enjoyable to her. She enjoyed every moment of working. Nykaa got its first funding from Sanjay Nayar. Further raised funds from project Nanhi kali on international women’s day 2015. Nanhi kali is an NGO.
She had a great belief that multi retail for beauty would be a big industry. She states that her skill as an investment banker as well as a stockbroker helped her in making her venture successful. Now Nykaa deals with 34 states with 400 brands as well as there are 40000 more products available on Nykaa.
Net worth of Falguni Nayar
In the year 2017, her estimated net worth was 280 crores. At present times this company has attained a value of Approximately 500 cores. She is a women entrepreneur billionaire.
Awards and Honours
Because of her remarkable contribution to the cosmetic industry, Falguni received awards too. She received The Most Powerful Women In business in 2017 from the Business Today organization. Falguni was rewarded with the award of Women Ahead from Economic Times Start-up Awards 2017.
Nayar got Vogue Women of The Year in 2019 from vogue organization. From Forbes Asia she got Power Businesswoman in 2019, from Ernst & Young she received an award of EY Entrepreneur of the Year 2019.
The Success story of Falguni Nayar is making the biggest impact on people’s life