The success story of Nykaa
Today we all know that Nykaa is one of the most successful Indian brands, but the journey was not easy. On October 28th, 2021 we also witnessed Nykaa’s big IPO launch in the Indian market. Nykaa was founded in 2012, by Falguni Nayar, an IIM Ahmedabad alumnus and Ex-Managing Director of Kotak Mahindra Investment Bank. The brand consistently takes efforts to put the Indian beauty industry on the global map by actively engaging in brand collaborations. Falguni Nayar is regarded as the richest self-made female entrepreneur in India, with a net worth of Rs. 57000 crores. She has set a great example for the world by validating that “age is just a number” as she worked for over 25 years in the corporate sector and started her entrepreneurial journey when she was nearing 50. Her vision behind launching Nykaa was to solve the inconsistencies in the Indian beauty industry. They wanted to create an organized and curated platform for Indian women where they can shop for their needs with ease